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Trade Desk shares tumble after earnings miss and weak outlook
The company reported an earnings and revenue miss for the quarter, along with guidance that fell short of expectations.
The Trade Desk shares fell sharply after the ad-tech company reported an earnings and revenue miss and issued disappointing guidance for the period ahead, according to MarketWatch.
The outlet said the weakness reflects continued struggles in growth, which intensified in the second quarter.
MarketWatch added that the combination of results and the weaker outlook drove the stock’s decline.
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