Jeff Green, CEO, The Trade Desk
Scott Mlyn | CNBC
The Trade Desk shares plunged about 30% in after-hours trading on Thursday after the ad-tech company issued fourth-quarter revenue guidance that fell well short of analysts’ estimates.
Third-quarter results topped estimates. Here’s how the company did:
- Earnings per share: 33 cents, adjusted vs. 29 cents expected by LSEG, formerly known as Refinitiv
- Revenue: $493 million vs. $487.04 million expected by LSEG
For the December period, Trade Desk projected revenue of at least $580 million, trailing the $610 million that was expected by analysts, according to LSEG.
A Trade Desk spokesperson told CNBC that guidance came “in slightly below consensus,…