In Friday trading, shares of The Trade Desk Inc. (TTD, Financial) were up 21% on the back of the company reporting its financial results for the third quarter. The company posted adjusted earnings of 35 cents per share. Quarterly revenue grew 49.9% year over year to $79.4 million. Further, the company beat earnings estimates by eight cents and revenue expectations by $2.52 million.
“Our third quarter results continue to highlight the growing programmatic movement and the success that an objective, independent, data-driven software platform can have in the marketplace," founder and CEO Jeff Green said. "We again saw strength across all channels in our business, including mobile, audio and connected TV, that contributed to strong revenue growth and adjusted EBITDA”.
Looking ahead to the first quarter of 2018, the company expects revenue of $101 million and adjusted EBITDA of $34 million. For the full year, revenue is expected to be $306 million and adjusted EBITDA to be $90 million.Â
Shares of Huntsman Corp. (HUN, Financial) rose slightly after the company posted its financial results for the fourth quarter. For the quarter, the company reported revenue grew 15.8% to $2.2 billion, while its profit advanced to 76 cents, beating estimates by 10 cents. Moreover, the company beat the consensus revenue estimate by $100 million. Adjusted EBITDA reached $360 million, compared to $210 million in the prior-year quarter and $340 million in the third quarter.
The company expects to generate between $450 million and $650 million in free cash flow in 2018.
The board of directors also increased the dividend by 30% and announced a share repurchase program of up to $450 million.
Disclosure: The author holds no positions in any stocks mentioned.
