Is It Too Late to Buy The Trade Desk Stock?

Share prices of The Trade Desk (NASDAQ: TTD) soared nearly 30% on Nov. 8 after the ad tech company posted its third-quarter earnings report.

Revenue rose 39% year over year to $301.1 million, which topped expectations by $17.2 million. Excluding political-ad purchases during both periods, its revenue would have risen 47%.

Its adjusted net income grew 42% to $89.2 million, or $0.18 per share, which beat estimates by $0.03. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 59% to $122.7 million.

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Source Fool.com