Trade Desk stock tumbles 17% premarket after outlook miss — what to watch for TTD shares
Trade Desk shares fell 17.1% to $20.87 in premarket trading Thursday after the company forecast first-quarter revenue below Wall Street estimates and flagged weaker ad spending in consumer packaged goods and autos. The stock is down about 66% over the past year. Loop Capital downgraded the stock and slashed its price target, citing margin pressure and soft advertiser demand. Trade Desk reported fourth-quarter revenue of $847 million and net income of $187 million.
