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Why The Trade Desk's Stock Soared on Friday

TheMotleyFool

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Why The Trade Desk's Stock Soared on Friday: https://g.foolcdn.com/editorial/images/765716/reading-papers-by-laptop-computer.jpg

Ad-campaign automation specialist The Trade Desk (NASDAQ: TTD) sent its share prices soaring on Friday with a fantastic earnings report. The stock jumped as much as 24.2% in the morning before settling down at a still-impressive 19% gain by 12:15 p.m. ET today. The intraday peak reached a fresh two-year high.

Fourth-quarter revenue jumped 23% higher year over year to land at $606 million. Adjusted earnings rose by 9% to $0.41 per diluted share.

Your average Wall Street analyst was looking for earnings near $0.43 per share on top-line sales of roughly $582 million. The Trade Desk fell short of the profit target while exceeding revenue expectations by a similar margin.

Source Fool.com

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