The Trade Desk: 2Q Earnings Snapshot
VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported second-quarter net income of $27.8 million.
The Ventura, California-based company said it had profit of 58 cents per share. Earnings, adjusted for stock option expense, were 95 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The digital-advertising platform operator posted revenue of $159.9 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $155.1 million.
For the current quarter ending in October, The Trade Desk said it expects revenue in the range of $163 million.
The company expects full-year revenue of $653 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 $273.67, nearly tripling in the last 12 months.