🔴 TOST is trading 8.3% down today on profit-taking despite raised full-year guidance

TOST is trading at $26.94, down 8.3% from its May 07 close as investors lock in gains following a post-earnings rally, despite the company beating Q1 expectations and raising its outlook.

• Strong Q1 performance saw recurring gross profit grow 27% YoY to $529M, driven by robust platform adoption.
• Management raised full-year guidance for recurring gross profit to $2.29B–$2.32B and Adjusted EBITDA to $790M–$810M.
• The pre-market decline follows a 3.78% surge on May 07, suggesting a typical post-earnings pullback pattern as investors capitalize on the initial rally.