Trade Desk Inc. shares tanked 28% in after-hours trading Thursday after the advertising-technology company missed the mark with its holiday-quarter forecast, even as results for the latest quarter beat expectations.
Revenue rose to $493 million from $395 million, whereas analysts were looking for $487 million. Revenue growth accelerated to 25% in the third quarter from 23% in the second quarter. “This performance underlines the premium that advertisers are placing on precision, agility and transparency as they seek to maximize returns from their campaigns,” Chief Executive Jeff Green said in a release.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros. Stock Drops. Hollywood Strikes Hit Earnings.Entertainment firm Warner Bros. Discovery reported a third-quarter loss of 17 cents a share, wider than analysts' expectations.
Source: MarketWatch - 🏆 3. / 97 Read more »
EV maker Fisker’s stock falls toward a record low after sudden delay of earnings releaseRelease of third-quarter results delayed for nearly a week due to timing of appointment of new chief accounting officer
Source: MarketWatch - 🏆 3. / 97 Read more »
AMC Earnings: What to expect from the movie theater chain and meme stock darlingAMC reports third-quarter results after market close Wednesday
Source: MarketWatch - 🏆 3. / 97 Read more »
Sphere Stock Drops After Earnings. Here's Why.Without any clear idea about what its heralded new arena can earn, Sphere won't be able to generate a lot of investor excitement.
Source: MarketWatch - 🏆 3. / 97 Read more »
Affirm’s stock pops after earnings bring narrowing loss, big revenue beat‘We are prepared to grow our business at pace while managing credit in the higher-for-longer interest rate environment,’ company says
Source: MarketWatch - 🏆 3. / 97 Read more »
Applovin’s stock rockets as earnings easily exceed expectationsCEO says company had its ‘best quarter ever’
Source: MarketWatch - 🏆 3. / 97 Read more »