The Trade Desk Stock Plunges On Revenue Outlook – Investor's Business Daily

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The Trade Desk (TTD) Thursday reported adjusted third-quarter earnings and revenue above expectations but a disappointing December quarter sales outlook sent shares in the digital ad placement company reeling in late trading.

The Trade Desk said adjusted third-quarter earnings were 35 cents a share, up 46% from a year ago, with revenue rising nearly 50% to $79.4 million, topping consensus estimates. A year earlier, The Trade Desk earned 24 cents a share on sales of $53 million. Analysts expected The Trade Desk to report earnings of 26 cents on sales of $77 million for the period ended Sept. 30.

In the December quarter, The Trade Desk forecast revenue of $101 million vs. estimates of $102 million.

Shares in the digital ad placement firm fell 13.5% to 51.02 in after-hours trading in the stock market today.

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