The Trade Desk, Inc. (NASDAQ:TTD) shares are trading higher Friday after the company posted better-than-expected fourth-quarter financial results and issued strong guidance.
The Details:
The Trade Desk reported quarterly earnings of 41 cents per share which missed the analyst consensus estimate of 43 cents.
The company reported quarterly sales of $605.8 million, beating the analyst consensus estimate of $582.17 million and representing growth of 23.45% year over year.
The company also announced that it is expanding its share repurchase program by an additional $647 million.
The company expects first-quarter revenue of at least $478 million, above the $451.87 million estimate and adjusted EBITDA of approximately $130 million.
Keybanc maintained its Overweight rating on ...