From Yahoo Finance: 2025-05-09 19:56:00

On the last trading day of the week, the stock market saw a slight decline as investors prepared for trade talks between the US and China. The Dow Jones and S&P 500 both fell by 0.29% and 0.07%, while the Nasdaq remained flat. Despite this, 10 companies saw significant gains, driven by positive earnings and outlooks.

Toast, Inc. (TOST) stood out on Friday, with its stock price surging by 11.43% to $40.84 after turning profitable in the first quarter. The company reported a net income of $56 million, a significant improvement from last year’s $83 million loss. Revenues increased by 24% to $1.3 billion, led by financial technology solutions and subscription services.

Looking ahead, Toast, Inc. expects revenues to reach between $1.775 billion and $1.795 billion for the full year 2025, representing a 25-27% growth from the first quarter of 2024. Second-quarter revenues from subscription services and financial technology solutions are projected to rise by 26-29% to $435 million to $445 million. Despite its strong performance, TOST ranks 6th on the list of Friday’s best-performing stocks.



Read more at Yahoo Finance: Why Toast, Inc. (TOST) Soared On Friday