What to Watch When The Trade Desk Reports Earnings Today
Growth stocks have been on fire recently. Programmatic advertising specialist The Trade Desk (NASDAQ: TTD) has been no exception. Shares have doubled since March lows seen amid the coronavirus stock market sell-off. Further, zooming out over the past 12 months, the stock is up 35%, crushing the S&P 500's 2.5% decline over this same time period.
After market close on Thursday, when the company is scheduled to report its first-quarter results, the stock's sharp climb higher in recent weeks will be tested. Investors will look to see if the tech company's top line has been able to continue growing rapidly. Further, investors will be looking for an update on how The Trade Desk is managing the impact of the coronavirus. Some have feared that digital advertising could take a hit amid economic weakness caused by travel restrictions, stay-at-home orders, and store closures.
Going into The Trade Desk's earnings report, here are several key items to check on.
Source Fool.com
