Trade Desk Stock Declines Amid Growth Concerns and Competition
Trade Desk's stock (TTD) dropped 12% in a single day, likely due to market factors or company-specific news, reflecting a significant decline in investor confidence or market valuation.
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Trade Desk Stock Drops 38% Amid Earnings and Rising Competition
Trade Desk's stock plummeted 38% after reporting in-line earnings and guidance, amid concerns over slowing revenue growth, leadership changes, and macroeconomic factors impacting the ad-tech industry, despite solid quarterly revenue and earnings.
Trade Desk Surges Following S&P 500 Inclusion
Trade Desk's stock surged 15% after being announced as an addition to the S&P 500 index, replacing Ansys, which is being acquired by Synopsys. The inclusion is seen as a sign of the company's strong fundamentals and its importance in the internet sector, leading to premarket gains and investor optimism.
Trade Desk Surges 15% Following S&P 500 Inclusion
Trade Desk's stock surged 15% after it was announced to be added to the S&P 500 index, replacing Ansys, which is being acquired by Synopsys. The addition is expected to boost investor interest and buying activity from index funds, reflecting Trade Desk's market value of over $40 billion.
Trade Desk Shares Rise as It Joins S&P 500, Robinhood Misses Out
The Trade Desk's shares surged over 14% in after-hours trading after being added to the S&P 500, replacing ANSYS, while Robinhood and AppLovin shares declined following their exclusion from the index.
Trade Desk Gains S&P 500 Inclusion Amid Robinhood's Ongoing Omission
Trade Desk will join the S&P 500 index, replacing Ansys, while Robinhood was again excluded from the index rebalancing. Trade Desk's stock surged over 10%, whereas Robinhood's stock slightly declined despite reaching a record high earlier in the year. Other stocks like AppLovin, Carvana, Interactive Brokers, and Vertiv experienced mixed movements amid the rebalancing news.
"The Trade Desk Inc. Surges on Strong Revenue and Earnings Forecast"
Trade Desk's fourth-quarter earnings met estimates while revenue surpassed expectations, driven by growth in internet TV. The company's guidance for TTD stock exceeded expectations, leading to a surge in its stock price. Trade Desk reported a 23% increase in revenue to $605.8 million, with a strong outlook for the current quarter, expecting revenue of $478 million and EBITDA of $130 million. The company's performance was attributed to opportunities in connected TV, retail media, identity, and international markets, mitigating concerns related to Google cookie deprecation and Amazon video-on-demand.
Trade Desk's Stock Plunge Raises Concerns for Ad Market and Economy
Trade Desk Inc., a digital advertising platform, experienced a 31% plunge in its stock price after providing a weak revenue forecast for the current quarter, raising concerns about the health of the ad market. The company's forecast of at least $580 million in revenue for the quarter ending in December fell short of analysts' average projection of $610 million. Trade Desk's decline also impacted social media companies such as Meta Platforms, Snap Inc., and Pinterest Inc. The forecast suggests that economic pressures may be impacting the advertising market, and the projected revenue growth for 2024 may be premature. CEO Jeff Green attributed the reduction in spending to various factors, including strikes in the US auto industry. However, he noted that spending has stabilized in recent weeks.
Trade Desk Stock Tumbles on Disappointing Guidance and Sales Beat
Trade Desk reported Q3 earnings and revenue that slightly beat estimates, driven by growth in internet TV. However, the company's guidance for TTD stock fell short of expectations, causing the stock to plummet by 29% in extended trading. Trade Desk expects lower EBITDA and revenue for the current quarter ending in December compared to analyst estimates. Despite the miss, analysts believe there is no fundamental issue with the company.
Lululemon leads stock market movers with impressive sales growth.
MongoDB's stock surged 27% after issuing a strong Q2 forecast, while SentinelOne's shares fell more than 35% after missing revenue expectations and cutting full-year guidance. Lululemon's shares jumped more than 14% after reporting a top and bottom line beat in its fiscal Q1 and raising its full-year outlook. Dupont's shares gained 3% after reaching a settlement with U.S. Water Systems related to PFAS in drinking water. Trade Desk's shares rose more than 3% after being upgraded by Morgan Stanley.