Why The Trade Desk Stock Soared Higher Today
Shares of The Trade Desk (NASDAQ: TTD), a digital ad-buying platform, were skyrocketing today after the company surprised investors by reporting better-than-expected earnings in the fourth quarter and issued first-quarter guidance that outpaced Wall Street's consensus estimate.
As a result, The Trade Desk's stock spiked 25.5% as of 10:51 a.m. ET.
Investors were holding their breath before the adtech company released results this morning as they hoped The Trade Desk could continue its streak of beating earnings expectations -- and it delivered once again.
Source Fool.com
