Why Trade Desk Inc. Stock Plunged Today
Shares of The Trade Desk Inc. (NASDAQ: TTD) were down 15.2% as of 2 p.m. EST Friday despite the programmatic advertising leader announcing better-than-expected third-quarter results and increasing its full-year guidance.
On the former, Trade Desk's revenue climbed 50% year over year to $79.4 million, while adjusted EBITDA grew 47% to $24.4 million. Both figures were well above the company's latest guidance for revenue of $76 million and adjusted EBITDA of $21 million. On the bottom line, that translated to 63% growth in adjusted net income, to $15.3 million, or $0.35 per share, which was also significantly higher than investors' expectations for adjusted earnings of only $0.27 per share.
Image source: The Trade Desk.
Source: Fool.com
Trade Desk Inc Stock
€94.54
0.820%
With 60 Buy predictions and 2 Sell predictions Trade Desk Inc is one of the favorites of our community.
With a target price of 97 € there is a slightly positive potential of 2.6% for Trade Desk Inc compared to the current price of 94.54 €.
