Agnes321
2021-05-10
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The Trade Desk tanks 20% after reporting earnings and upcoming stock split
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Trade Desk tanks 20% after reporting earnings and upcoming stock split\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 23:36 GMT+8 <a href=https://www.cnbc.com/2021/05/10/the-trade-desk-ttd-earnings-q1-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nShares of ad tech company The Trade Desk dove 20% Monday after the company reported first-quarter earnings and a ten-for-one stock split.\n\"We believe investors were looking for [a] bigger ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/10/the-trade-desk-ttd-earnings-q1-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTD":"Trade Desk Inc."},"source_url":"https://www.cnbc.com/2021/05/10/the-trade-desk-ttd-earnings-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1190323870","content_text":"KEY POINTS\n\nShares of ad tech company The Trade Desk dove 20% Monday after the company reported first-quarter earnings and a ten-for-one stock split.\n\"We believe investors were looking for [a] bigger beat given solid 1Q results for GOOGL and ROKU,\" Citi analysts wrote Monday. Alphabet and Roku reported major earnings beats in recent weeks.\nThe Trade Desk reported revenue of $220 million in the first quarter, up 37% year-over-year.\n\nShares of ad tech companyThe Trade Desktanked as much as 20.6% Monday after the companyreported first-quarter earningsand a ten-for-one stock split.\nHere's how The Trade Desk performed versus Refinitiv estimates:\n\nEarnings: $1.41 per share, adjusted, vs. $0.77 per share expected\nRevenue: $219.8 million vs. $217 million expected\n\nCiti analysts said that, while second-quarter revenue guidance of between $259 million and $262 million exceeded street expectations, and revenue came in slightly above consensus, the beat just may not have been as big as investors were hoping for.\n\"We believe investors were looking for [a] bigger beat given solid 1Q results forGOOGLandROKU,\" the Citi analysts wrote Monday. AlphabetandRoku reportedmajor earnings beats in recent weeks.\nThe company also warned of continuing uncertainty moving into the second quarter.\nThe Trade Desk sells technology that helps brands and agencies reach targeted audiences across media formats and devices, and has a particularly strong presence in the connected TV (CTV) market.\nKeyBanc analysts said, compared with recent quarters, The Trade Desk's results represent a \"more modest degree of upside\" in comparison with consensus estimates, and that the earnings come in the wake of other companies that saw \"meaningful upside\" to estimates, like Alphabet,Facebookand Roku. KeyBanc analysts suspected those factors could weigh on shares Monday.\nThe Trade Desk announced a 10-for-1 stock split. Investors who hold shares in the company as of June 9, 2021, will receive nine additional shares of common stock that will be distributed after the close of trading on June 16. 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