12:50 PM EDT, 05/08/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Toast (TOST) shares rose nearly 12% in recent Wednesday trading after the company reported a Q1 loss late Tuesday of $0.15 per diluted share, narrower than a loss of $0.16 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.14.

Revenue for the quarter ended March 31 was $1.08 billion, up from $819 million a year earlier.

Analysts surveyed by Capital IQ expected $1.04 billion.

Price: 26.54, Change: +2.81, Percent Change: +11.82