Why Trade Desk Shares Are Nosediving Following Snap Stock's Earnings Report

Trade Desk Inc TTD shares are trading lower by 5.66% to $48.10 Friday morning. Shares of digital advertising companies at large are trading lower following worse-than-expected second-quarter earnings from Snap.

Snap said second-quarter revenue increased 13% year-over-year to $1.11 billion, which missed the estimate of $1.14 billion, according to data from Benzinga Pro. The social media company reported a quarterly loss of 2 cents per share, which missed the estimate for a loss of 1 cent per share... Read More

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Trade Desk is engaged in providing a technology platform for ad buyers.

According to data from Benzinga Pro, Trade Desk has a 52-week high of $114.09 and a 52-week low of $39.00.