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The Trade Desk Posts Higher Q1 Earnings, Revenue; Declares 10-For-1 Stock Split

05/10/2021 05:18

09:02 AM EDT, 05/10/2021 (MT Newswires) -- The Trade Desk (TTD) reported Q1 adjusted earnings Monday of $1.41 per share, up from adjusted earnings of $0.90 per share a year earlier.

Analysts polled by Capital IQ projected adjusted EPS of $0.81.

Revenue was $219.8 million for the quarter ended March 31, up from $160.7 million a year ago. The consensus estimate of analysts polled by Capital IQ was for revenue of $217.2 million.

Looking ahead, the company expects Q2 revenue of $259 million to $262 million, compared with the Street forecast of $251.6 million. Adjusted EBITDA is projected to be at least $84 million.

Meanwhile, the board has declared a 10-for-one stock split in the form of a stock dividend. Shareholders of record as of June 9 will receive nine additional shares for each share they hold to be distributed on June 16.

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