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VENTURA, Calif. (AP) — VENTURA, Calif. (AP) — The Trade Desk Inc. (TTD) on Wednesday reported first-quarter net income of $9.3 million.
The Ventura, California-based company said it had net income of 2 cents per share. Earnings, adjusted for stock option expense, came to 23 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The digital-advertising platform operator posted revenue of $382.8 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $364.8 million.
For the current quarter ending in June, The Trade Desk said it expects revenue in the range of $452 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TTD">Zacks stock report on TTD at https://www.zacks.com/ap/TTD