The Trade Desk: 3Q Earnings Snapshot
VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported third-quarter profit of $20.3 million.
On a per-share basis, the Ventura, California-based company said it had profit of 44 cents. Earnings, adjusted for stock option expense, came to 65 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The digital-advertising platform operator posted revenue of $118.8 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $116.6 million.
For the current quarter ending in December, The Trade Desk said it expects revenue in the range of $147 million.
The company expects full-year revenue of $464 million.
The Trade Desk shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $122.20, a climb of 98 percent in the last 12 months.