The Trade Desk Explodes Higher on Stronger Ad Revenue

Programmatic advertising specialist The Trade Desk (NASDAQ: TTD) was up more than 10% in after-hours trading Thursday in the wake of its blowout third-quarter financial results. The company reported revenue of $216 million, up 32% year over year, while delivering earnings per share (EPS) of $1.27. To put that in context, analysts' consensus estimates were calling for revenue of $180.88 million and EPS of $0.43.

Growth is also back near pre-pandemic levels, as the company's 32% year over year revenue increase is on par with the 35% growth it delivered in Q4 2019.

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Source Fool.com