Trade Desk: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) reported Q4 earnings with an EPS of $0.41, missing estimates by 4.65% against an expected $0.43. Revenue increased by $115.06 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 16.66% the following day. The company's past earnings performance shows a pattern of beating revenue estimates but mixed results for EPS.

February 15, 2024 | 9:05 pm
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Trade Desk reported Q4 earnings with a slight miss on EPS expectations but showed significant revenue growth from the previous year.
Trade Desk's miss on the EPS estimate, despite showing a significant year-over-year revenue increase, could lead to short-term negative sentiment among investors. Historically, the company's stock price dropped by 16.66% the day after beating EPS estimates last quarter, indicating that even positive earnings reports can lead to volatile stock price movements. The miss on EPS, even by a small margin, combined with the company's history of post-earnings share price volatility, suggests a potential short-term negative impact on TTD's stock price.
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