WASHINGTON (dpa-AFX) - The Trade Desk, Inc. (TTD) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $85.03 million, or $0.17 per share. This compares with $32.94 million, or $0.07 per share, in last year's second quarter.
Excluding items, The Trade Desk, Inc. reported adjusted earnings of $197.48 million or $0.39 per share for the period.
Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 25.9% to $584.55 million from $464.25 million last year.
The Trade Desk, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $85.03 Mln. vs. $32.94 Mln. last year. -EPS (Q2): $0.17 vs. $0.07 last year. -Revenue (Q2): $584.55 Mln vs. $464.25 Mln last year.
-Guidance: Next quarter revenue guidance: $618 Mln
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