The Trade Desk's Winning Streak Continues
Investors had high expectations going into The Trade Desk's (NASDAQ: TTD) third-quarter financial report. The stock has been one of the standout performers of 2019 so far, up 66% going into its earnings release. Investors were hoping the company would continue to take market share from competitors, propelling its shares to even greater heights -- and they weren't disappointed.
The Trade Desk reported record revenue of $164.2 million, up 38% year over year, on top of 50% gains in the prior-year quarter. This exceeded both the high end of management's guidance and analysts' consensus estimates, which topped out at $163 million and $163.85 million, respectively.
Profits were also better than anticipated. The Trade Desk generated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $47.8 million, easily topping management's expectations of $45 million. This resulted in adjusted earnings per share (EPS) of $0.75, soaring past analysts' consensus estimates of $0.67.
Source Fool.com
