Trade Desk Q4 2023 Adj EPS $0.41 Misses $0.43 Estimate, Sales $605.80M Beat $582.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Trade Desk reported Q4 2023 adjusted EPS of $0.41, missing the $0.43 estimate, but sales of $605.80M exceeded the $582.17M estimate, marking a 23.45% increase from the previous year.

February 15, 2024 | 9:02 pm
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Trade Desk's Q4 2023 earnings report showed a mixed outcome with a slight miss on EPS but a beat on revenue, indicating strong sales growth.
The slight miss in EPS might concern some investors, but the significant beat on revenue and strong year-over-year sales growth could offset negative sentiment. The mixed results present a neutral short-term outlook for TTD's stock price, as the positive sales performance suggests underlying business strength, while the EPS miss may temper immediate optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100