Is The Trade Desk Stock a Buy Now?
The Trade Desk (NASDAQ: TTD) posted a strong third-quarter earnings report on Nov. 9. The ad tech company's revenue rose 31% year over year to $395 million, which beat analysts' estimates by $8 million. Its adjusted net income improved 45% to $129 million, or $0.26 per share, which also cleared the consensus forecast by three cents.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 33% to $163 million, which boosted its adjusted EBITDA margin four percentage points sequentially and two percentage points year over year to 41%. The Trade Desk's stock rallied in response to those impressive headline numbers, but it still remains down more than 40% for the year.
Should investors capitalize on that pullback and accumulate more shares of this growth stock today?
Source Fool.com
