The Trade Desk, Inc. (NASDAQ: TTD) shares are trading lower Friday after the company issued fourth-quarter revenue guidance below estimates.
The Details:
The Trade Desk beat the consensus estimates for earnings and sales with third-quarter earnings of 33 cents per share versus the 29 cent estimate and quarterly sales of $493.27 million, above the estimate of $487.16 million.
However, the company issued fourth-quarter guidance of $580 million in revenue, below the estimate of $610.82 million.
"Q3 was a strong quarter for The Trade Desk as we delivered revenue of $493 million, accelerating growth to ...