The Trade Desk: 1Q Earnings Snapshot

VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported first-quarter profit of $10.2 million.

On a per-share basis, the Ventura, California-based company said it had net income of 21 cents. Earnings, adjusted for stock option expense, were 49 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The digital-advertising platform operator posted revenue of $121 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $117 million.

For the current quarter ending in July, The Trade Desk said it expects revenue in the range of $154 million.

The company expects full-year revenue of $645 million.

The Trade Desk shares have increased 91% since the beginning of the year. The stock has more than quadrupled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTD at https://www.zacks.com/ap/TTD