Why Shares of The Trade Desk Soared Friday
Shares of The Trade Desk (NASDAQ: TTD) are soaring impressively on Friday, even as the market falls again amid coronavirus fears. The stock of the digital ad-buying specialist is up more than 12% as of 1:10 p.m. EST today.
The tech stock's jump follows the company's better-than-expected fourth-quarter results, which were announced after market close on Thursday. While investors were likely pleased with the company's strong growth in revenue and earnings per share during the period, the most upbeat takeaway from the report was The Trade Desk's impressive outlook for its first quarter and the full year.
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Source Fool.com
