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Thursday, November 9, 2017

=The Trade Desk Inc. (TTD) reported earnings on Thu 9 Nov 2017 (a/h)

Trade Desk enables agencies and other ad buyers to purchase online advertising through its self-service platform. Trade Desk competes with Google parent Alphabet (GOOGL), as well as smaller companies such as AppNexus.

  • The company has touted China as a growth market.
  • Bullish Mark Mahaney, an analyst at RBC Capital, raised his price target to 67 from 65.
  • Brent Thill, analyst at Jefferies, raised his price target to 63 from 60.

VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported third-quarter profit of $10.2 million.
On a per-share basis, the Ventura, California-based company said it had profit of 23 cents. Earnings, adjusted for stock option expense, were 35 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The digital-advertising platform operator posted revenue of $79.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $77 million.
For the current quarter ending in December, The Trade Desk said it expects revenue in the range of $101 million.
The company expects full-year revenue of $306 million.
The Trade Desk shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.28, more than doubling in the last 12 months.

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