Shares of CenturyLink Inc. (CTL, Financial) fell more than 11% on Friday after announcing third-quarter results Thursday evening. The company posted earnings of 25 cents per share on $5.82 billion in revenue, a 3.5% year-over-year decline. The company beat earnings estimates by 2 cents, but fell $60 million short of revenue expectations.
The company recorded free cash flow of $1.163 billion, up from $600 million in the prior-year quarter on a pro forma basis.
CenturyLink reaffirmed its full-year outlook for adjusted earnings before interest, taxes, depreciation and amortization of $9 billion to $9.15 billion.
Shares of The Trade Desk Inc. (TTD, Financial) were up more than 5% on Friday after the company posted third-quarter earnings of 65 cents per share on $118.8 million in revenue on Thursday, reflecting an increase of 49.6% year over year. The company beat earnings estimates by 15 cents and topped revenue expectations by $1.43 million.
Mobile (in-app, video and web) spend rose 65% from the year-ago quarter. The segment increased to 46% of gross spend, its highest percentage ever, highlighting the growing importance of this channel to advertisers. Connected TV grew over 10 times in the same period. In addition, audio grew 192%, mobile video grew 98% and mobile in-app grew 90%.
For the year, the company now guides for $464 million in revenue. For the fourth quarter, it projects revenue of $147 million and adjusted EBITDA of $53 million.
Shares of Natera Inc. (NTRA, Financial) fell nearly 22% on Friday morning after reporting third-quarter results Thursday evening. The company registered a loss of 49 cents per share on revenue of $65.28 million, growing 16.8% year over year. The company fell 2 cents short of earnings estimates and $1.1 million short of revenue expectations.
The gross profit was $23.6 million, representing a 36% gross margin, compared to $21.3 million, representing a 38% gross margin in the same period of the prior year.
Looking ahead to the full year, the company expects total revenue of $250 million to $260 million, with cost of revenues to be between 64% and 67%.
Disclosure:The author holds no positions in any stocks mentioned.
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