Cart

0

Stocks

“Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes”

The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates.

Third-quarter results topped estimates. Here’s how the company did:

  • Earnings per share: 33 cents, adjusted vs. 29 cents expected by LSEG, formerly known as Refinitiv
  • Revenue: $493 million vs. $487.04 million expected by LSEG

For the December period, Trade Desk projected revenue of at least $580 million, trailing the $610 million that was expected by analysts, according to LSEG…”

https://www.cnbc.com/2023/11/09/tradedesk-ttd-q3-earnings.html

Leave a Reply