US Stock Movement | The Trade Desk drops over 15% in after-hours trading, Q1 revenue guidance below expectations amid fierce competition

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Gelonghui February 26 | Advertising technology company The Trade Desk (TTD.US) fell over 15% in after-hours trading, closing at $21.36. On the news, The Trade Desk announced that its fourth-quarter revenue was $847 million, higher than the market expectation of $841 million; adjusted earnings per share were $0.59, also above the expected $0.34. Looking ahead to the first quarter, the company expects revenue of at least $678 million, below the analyst average estimate of $689 million, mainly due to increasing market competition and pressure from major competitors like Meta. (Gelonghui)

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