Trade Desk Blames Weak Consumer Spending, Tariffs And Oil Prices For Slowing Growth
The Trade Desk (TTD) stock plunges 28% premarket after missing Q2 earnings estimates and delivering weak Q3 revenue guidance.
The Trade Desk missed its earnings targets and said fewer people are spending money on ads right now because of higher prices for oil and imported goods. When a company warns that its next quarter will be slower, it tells you people are spending less overall, which can affect many businesses.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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