BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Thursday reported third-quarter earnings of $56 million.

On a per-share basis, the Boston-based company said it had net income of 7 cents.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The restaurant software provider posted revenue of $1.31 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.29 billion.

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This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOST at https://www.zacks.com/ap/TOST