The Trade Desk Stock Climbs Again After Quarterly Results

The Trade Desk Stock Climbs Again After Quarterly Results

Exceeding its own guidance has become a hallmark of The Trade Desk (NASDAQ: TTD) in its brief tenure as a public company, and the programmatic advertiser once again was moving higher in Thursday's after-hours trading after posting another quarter of heady growth.

Revenue climbed 54%, to $72.8 million, for The Trade Desk's second quarter. Back in May, the Web-savvy marketing darling was eyeing just $67 million in revenue. Adjusted earnings nearly tripled, to $23 million, or $0.52 a share. The Trade Desk doesn't offer up bottom-line guidance, but the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $25.3 million it recorded blew past the $14.5 million that it was targeting three months earlier.

Image source: The Trade Desk.  

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Source: Fool.com