Earnings

Trade Desk shares soar on revenue beat and strong guidance

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Jeff Green, CEO, The Trade Desk

Scott Mlyn | CNBC

Shares of The Trade Desk jumped over 18% on Thursday after the advertising technology company issued strong first-quarter guidance and beat on revenue.

Here’s what analysts were expecting:

  • Earnings per share: 41 cents, adjusted vs. 43 cents expected by LSEG, formerly known as Refinitiv
  • Revenue: $606 million vs. $582 million expected by LSEG

Fourth-quarter sales jumped 23% from $491 million a year ago. Net income rose 37% to $97 million, or 19 cents a share, from $71 million, or 14 cents, in the same quarter a year earlier.

The Trade Desk said first-quarter sales will be at least $478 million, topping analyst estimates of $452 million, according…



Source cnbc.com

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