Trade Desk Shares Climb 5% After-Hours as Q2 Results, Outlook Beat Estimates
$The Trade Desk (TTD.US)$ shares advanced in after-hours trading after the provider of technology platform for buyers of advertising painted a rosier outlook than Wall Street expected and reported second quarter results that surpassed analysts' estimates.
The company expects revenue to be at least $618 million in the third quarter. That's higher than the $605.53 million expected by analysts polled by Capital IQ. For the second quarter ended June 30, the company reported adjusted earnings of 39 cents a share on revenue of $585 million. Analysts, on average, expected earnings, excluding items to reach 36 cents, and revenue to be $578 million.
"As Kokai ramps, we’re intuitively surfacing value for advertisers, integrating data into every decision, advancing the full power of AI as a co-pilot, and enabling advertisers to maximize the potential of their first party data," CEO Jeff Green said in the company's earnings release.
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