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Toast Inc. exceeded expectations with its latest earnings and outlook, but shares of the restaurant-focused payment-technology company were falling in after-hours trading Tuesday after its first report since hitting the public market.
The company, which held a late-September initial public offering, recorded a net loss of $252.5 million, or $1.05 a share, compared with a loss of $62.6 million, or 31 cents a share, in the year-earlier quarter. Toast TOST reported a loss on the basis of adjusted earnings before interest, taxes,…
