Why Did The Trade Desk Stock Jump 10% Last Month?
Shares of The Trade Desk (NASDAQ: TTD) climbed 10.4% in February after the company delivered a strong quarterly report. The adtech leader modestly outperformed Wall Street's revenue and earnings expectations, and some bullish commentary from CEO Jeff Green helped to relieve investors' fears about the state of the digital advertising industry.
In the fourth-quarter report The Trade Desk released on Feb. 15, it boasted 24% year-over-year revenue growth and 27% higher operating profits. These figures weren't particularly surprising to investors, but they suggest that the company is significantly outperforming its digital advertising peers. The Trade Desk's management team confirmed that during the quarterly conference call by asserting that the company is gaining market share. The company's strong performance was attributed to its presence in the streaming television market, along with its response to challenges in the digital marketing industry.
Image source: Getty Images.
Source Fool.com
