The Trade Desk Q2 Earnings: Stock Slumps Despite Beating Expectations and Raised Guidance
Portfolio Pulse from Ryan Gustafson
The Trade Desk, Inc. (NASDAQ:TTD) reported Q2 earnings of 28 cents per share, beating the analyst consensus estimate of 26 cents. Quarterly sales were $464.25 million, surpassing the estimate of $455.00 million. The company also raised its Q3 2023 revenue guidance to $485 million. Despite these positive results, TTD shares fell 5.61% in after-hours trading.
August 09, 2023 | 8:23 pm
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The Trade Desk beat Q2 earnings estimates and raised its Q3 2023 revenue guidance. However, its shares fell 5.61% in after-hours trading.
Despite The Trade Desk's positive Q2 earnings and raised Q3 2023 revenue guidance, its shares fell in after-hours trading. This suggests that investors may have had higher expectations for the company's performance, or there may be other factors at play affecting investor sentiment towards the stock.
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