“Trade Desk shares plunge about 30% on weak guidance tied to auto, Hollywood strikes”
November 10, 2023
“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