Trade Desk Plunges 22% After Revenue Misses, Erasing EPS Beat
TTD is trading near its 52-week low of $16.7 (18% below the low) on elevated volume (3.9× avg).
Summary
Trade Desk reported Q2 revenue of $715M, missing the $752.6M consensus, while adjusted EPS of 34c beat the 18c expected. The stock dropped 22% after hours, pushing it deeper into 52-week low territory. This follows a brutal year where market cap collapsed from $69B to around $8.3B. Q3 guidance of $650M+ signals continued sluggish growth, and the after-hours move reflects a rapid repricing of the stock.
At the time of this announcement, TTD was trading at $13.72 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $16.70 to $91.45. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.