Why Toast Stock Popped on Friday

Toast surprised investors in the third quarter, sending the stock skyward again. Here's what you need to know about the company's latest results. Shares of Toast (TOST 14.13%) opened Friday's trading session 17.8% above Thursday's closing price, boosted by a strong third-quarter earnings report. The provider of cloud-based management tools for restaurant owners cooled down a bit later in the day, trading at a 12.6% gain by 12:15 p.m. ET. All told, Toast investors have pocketed a 147% return in 52 weeks. Toa ...