Trade Desk jumps on quarterly revenue, profit beat
TTD•The Trade Desk shares rose 26% in extended trading after it reported third-quarter adjusted earnings of 33 cents per share and revenue of $736 million, both above estimates. The company expects fourth-quarter revenue of at least $755 million and adjusted core profit of $280 million.
1. Quarterly results
The Trade Desk reported third-quarter adjusted profit of 33 cents per share, compared with analysts’ estimate of 25 cents, and revenue of $736 million versus an estimate of $650.3 million. Shares rose 26% to about $19 in extended trading. The company expects fourth-quarter revenue of at least $755 million and adjusted core profit of $280 million.
