The Trade Desk Stock Climbs Again After Quarterly Results
Exceeding its own guidance has become a hallmark of The Trade Desk (NASDAQ: TTD) in its brief tenure as a public company, and the programmatic advertiser once again was moving higher in Thursday's after-hours trading after posting another quarter of heady growth.
Revenue climbed 54%, to $72.8 million, for The Trade Desk's second quarter. Back in May, the Web-savvy marketing darling was eyeing just $67 million in revenue. Adjusted earnings nearly tripled, to $23 million, or $0.52 a share. The Trade Desk doesn't offer up bottom-line guidance, but the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $25.3 million it recorded blew past the $14.5 million that it was targeting three months earlier.
Image source: The Trade Desk.
Source: Fool.com
Trade Desk Inc Stock
With 49 Buy predictions and 2 Sell predictions Trade Desk Inc is one of the favorites of our community.
With a target price of 93 € there is a slightly positive potential of 9.3% for Trade Desk Inc compared to the current price of 85.09 €.
