The Trade Desk: Q2 Earnings Snapshot
VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Tuesday reported a loss of $19.1 million in its second quarter.
On a per-share basis, the Ventura, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense, were 20 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The digital-advertising platform operator posted revenue of $377 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $365.3 million.
For the current quarter ending in October, The Trade Desk said it expects revenue in the range of $385 million.