Trade Desk Slumps After Revenue Miss, Downgrades Loom
Trade Desk shares fell after-hours and extended losses after the company posted a Q2 revenue of $715 million (up 3% year over year but below the $752.6 million expected) and issued a Q3 guidance of at least $650 million, well short of consensus around $806.5 million, triggering a wave of downgrades amid sluggish ad-demand in digital advertising.
