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
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