The Trade Desk shares hit sharp decline after another bad earnings
Shares of Ventura-based The Trade Desk will be in the spotlinght on August 10 as the company tries to recover from a more than 20% plunge.
After reporting revenues that badly missed estimates, shares of The Trade Desk fell to the 13.82 level on August 7 making it one of the worst performers on the Nasdaq. The advertising technology platform reported Q2 adjusted earnings of 34 cents a share and revenue of $715 million, a revenue gain of 3% from the 2025 quarter.
However, analysts expected $752.6 million in revenue and the miss shocked the street. The earnings miss was a much less dramatic 6 cents per share; expectations were for an adjusted 40 cents.
Still, the company, a member of the SP 500 as well as the Nasdaq, has brought on board a number of new executive and tried to mend fences with large advertising agencies, who are bedrock clients.
Despite the selloff, the stock did not test the 52-week low of $12.83 per share.
