THE TRADE DESK, INC.

TTD
Delayed Quote. Delayed  - 01/22 04:00:00 pm
812.96USD -0.01%

The Trade Desk: 3Q Earnings Snapshot

11/05/2020 | 04:17pm

VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported third-quarter profit of $41.2 million.

On a per-share basis, the Ventura, California-based company said it had net income of 84 cents. Earnings, adjusted for stock option expense, were $1.27 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The digital-advertising platform operator posted revenue of $216.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $182.5 million.

For the current quarter ending in December, The Trade Desk said it expects revenue in the range of $287 million to $291 million.

The Trade Desk shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $648.91, more than tripling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTD at https://www.zacks.com/ap/TTD

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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