VENTURA, Calif. (AP) _ The Trade Desk Inc. (TTD) on Thursday reported third-quarter profit of $19.4 million.
On a per-share basis, the Ventura, California-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, were 75 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The digital-advertising platform operator posted revenue of $164.2 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $164.3 million.
For the current quarter ending in December, The Trade Desk said it expects revenue in the range of $213 million.
The company expects full-year revenue of $658 million.
The Trade Desk shares have increased 66% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $192.75, a rise of 46% in the last 12 months.