Toast: Q3 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Tuesday reported third-quarter profit of $169 million.

The Boston-based company said it had profit of 29 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 37 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share.

The restaurant software provider posted revenue of $1.98 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $1.96 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOST at https://www.zacks.com/ap/TOST