Trade Desk reported its third-quarter results after Monday’s close. Its stock briefly surged nearly 30%, then gave almost all of it back not long after.
This programmatic advertising company’s stock has been sliding from its highs over the past two years, which must have been a rough ride for shareholders.
The pros and cons of this earnings report are both out in the open.
Revenue came in well above the low end of the company’s own August forecast, and profits beat Wall Street expectations. The company also increased its buyback authorization to $1 billion.
But revenue edged down year over year for the first time since the company went public, and its fourth-quarter guidance is still below the same period last year.
The stock surged and then retreated after hours. Investors acknowledged that the quarter was better than expected, but they’re still not convinced growth can return.
It had already gained more than 10% during Monday’s regular session, so a lot of expectations were priced in early.
When regular trading opens tonight, the first thing to watch is whether it can hold near Monday’s closing price of $15.
If it holds, the market is accepting that the worst is over. If it doesn’t, that long upper wick after hours will look more like good news that was already priced in.
Do you put more weight on buybacks as a safety net, or would you wait for revenue to return to growth?
$TTD
#美股财报 #AdTech
This programmatic advertising company’s stock has been sliding from its highs over the past two years, which must have been a rough ride for shareholders.
The pros and cons of this earnings report are both out in the open.
Revenue came in well above the low end of the company’s own August forecast, and profits beat Wall Street expectations. The company also increased its buyback authorization to $1 billion.
But revenue edged down year over year for the first time since the company went public, and its fourth-quarter guidance is still below the same period last year.
The stock surged and then retreated after hours. Investors acknowledged that the quarter was better than expected, but they’re still not convinced growth can return.
It had already gained more than 10% during Monday’s regular session, so a lot of expectations were priced in early.
When regular trading opens tonight, the first thing to watch is whether it can hold near Monday’s closing price of $15.
If it holds, the market is accepting that the worst is over. If it doesn’t, that long upper wick after hours will look more like good news that was already priced in.
Do you put more weight on buybacks as a safety net, or would you wait for revenue to return to growth?
$TTD
#美股财报 #AdTech
