The Beat Is the Message at The Trade Desk
Advertising may not seem like fertile turf for growth investors, but The Trade Desk (NASDAQ: TTD) continues to sprout. The top dog of high-tech programmatic solutions for the advertising industry delivered healthy gains for its second quarter after Thursday's market close.
Revenue rose 42.4% to hit $159.9 million for the three months ending in June, accelerating from the 41.2% year-over-year gain it posted last time out. The Trade Desk also beat its top-line guidance calling for a 37% ascent, but that's not much of a surprise. The company has routinely cranked out conservative outlooks, landing 17%, 9%, 2%, 9%, and 4% ahead of its five previous quarterly revenue forecasts, respectively.
Image source: The Trade Desk.
Source Fool.com
