The Trade Desk Stock Climbs After Better-Than-Expected Q2 Results
Portfolio Pulse from Erica Kollmann
The Trade Desk, Inc. (NASDAQ:TTD) shares surged after the company reported better-than-expected Q2 results. The company posted earnings of 39 cents per share, beating the consensus estimate of 35 cents, and reported sales of $584.55 million, a 25.91% increase year-over-year. The Trade Desk maintained a customer retention rate over 95% and has $575 million authorized for share repurchases. The company expects Q3 revenue of at least $618 million and adjusted EBITDA of approximately $248 million.
August 08, 2024 | 8:25 pm
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The Trade Desk reported strong Q2 results, beating both earnings and sales estimates. The company also maintained a high customer retention rate and has significant funds authorized for share repurchases. Positive Q3 outlook provided.
The Trade Desk's better-than-expected Q2 earnings and sales, along with a positive outlook for Q3, are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100