The Trade Desk Stock Tanks Following Q3 Performance And Outlook - Here's Why
Portfolio Pulse from Ryan Gustafson
The Trade Desk, Inc. (NASDAQ:TTD) reported Q3 earnings of 33 cents per share, beating the analyst consensus estimate of 29 cents, and posted quarterly sales of $493.27 million, topping the analyst consensus estimate of $487.16 million. However, the company's shares are trading lower in the after-hours session due to a lower than expected Q4 revenue forecast of $580 million versus the $610.82 million estimate. The company did not provide GAAP or Non-GAAP net income outlook due to the variability and complexity with respect to the stock-based compensation expenses.
November 09, 2023 | 9:30 pm
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The Trade Desk's Q3 earnings beat estimates but its shares are trading lower due to a lower than expected Q4 revenue forecast.
The Trade Desk reported strong Q3 earnings and sales, beating analyst estimates. However, the company's shares are trading lower due to a lower than expected Q4 revenue forecast. This suggests that investors are concerned about the company's future performance, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100