00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Toast beat Wall Street's third quarter earnings and revenue estimates and announced a planned
00:07CFO transition, according to Benzinga Pro. The restaurant technology company reported
00:12earnings of 29 cents per share, topping expectations of 26 cents. Revenue reached $1.98
00:19billion, beating estimates of $1.97 billion. Annual recurring revenue rose 24% to $2.5 billion,
00:28while gross payment volume increased 20% to $61.8 billion. Operating income climbed to $165
00:37million from $84 million a year earlier. Toast also announced that President and CFO Elena Gomez
00:44will step down. Senior Vice President of Finance Michael Seno will succeed her as CFO on January 1,
00:512027. Shares fell by 5.22% to $31.78 in Tuesday's extended trading, according to data from Benzinga
01:01Pro. For all things money, visit Benzinga.com.
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