The U.S. stock market traded in the green with the Dow Jones at its highest level in two months, posting gains in seven consecutive sessions.
Shares of The Trade Desk Inc. (TTD, Financial) jumped more than 40% on Friday after the company posted first-quarter earnings of 34 cents on revenue of $85.7 million, which was 60.6% higher than the comparable period. The company beat revenue expectations by $12.47 million and earnings estimates by 24 cents.
"A steady stream of new brands and agencies joined our platform; we won additional spend from existing customers; and we developed closer relationships with the biggest brands in the world. For the quarter, revenue was $85.7 million, up 61% from a year ago and adjusted Ebitda increased 202% to $18.9 million,” said Founder and CEO of The Trade Desk Jeff Green.Â
Looking ahead, the company expects for the next quarter revenue of $103 million and adjusted Ebitda of $30 million.
Gainers
• Verizon Communications Inc. (VZ, Financial)
• Advance Auto Parts Inc. (AAP, Financial)
• L Brands Inc. ”‹(LB, Financial)
• Dominion Energy Inc. (D, Financial)
Losers
• Wynn Resorts Ltd. (WYNN, Financial)
• Advanced Micro Devices Inc. (AMD, Financial)
Global markets
The main European stock markets traded mixed. The U.K.'s FTSE gained 0.33%, France's CAC retreated 0.10%, Spain's Ibex advanced 0.28% and Germany's Dax slid 0.16%.
In Asia, markets closed in the green. China´s Shanghai closed down 0.35%, but Japan's Nikkei gained 1.16%, Hong Kong's Hang Seng advanced 1.02% and India’s BSE Sensex jumped 0.82%.
Disclosure: The author holds no position in any stocks mentioned.
