Trade Desk shares fall 19% on lower guidance
Publishing timestamp: 2023-11-10 11:59:06
Summary
The article discusses how shares of Trade Desk fell 19% after the company issued lower-than-expected revenue guidance for the fourth quarter. Concerns over softer ad spending have affected Trade Desk and other companies reliant on ad revenue. Analysts are cautious about the sustainability of Trade Desk's growth in connected TV and its ability to maintain its top-line growth. However, some analysts see the dip in Trade Desk's shares as a buying opportunity.
Sentiment: NEGATIVE
Tickers: META, PINS, SNAP, TTD,
Keywords: pinterest inc, breaking news: technology, business news, earnings, meta platforms inc, trade desk inc, snap inc, technology, advertising,
Source: https://www.cnbc.com/2023/11/10/trade-desk-shares-fall-23percent-in-premarket-on-lower-guidance.html