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Why The Trade Desk Shares Are Trading Higher By Around 19% Trade Desk Reports Mixed Quarterly Results; Shares Surge 19% in Pre-Market Trading

Shares of The Trade Desk, Inc. TTD climbed significantly in today’s pre-market trading after the company announced mixed fourth-quarter financial results.

The Trade Desk reported earnings of 41 cents per share, slightly below the analyst consensus estimate of 43 cents. However, the company’s quarterly sales of $605.8 million exceeded the analyst consensus estimate of $582.17 million.

In addition, the company’s board of directors approved an additional $647 million under its share repurchase program.

As a result, shares of The Trade Desk surged 19% to $90.11 in pre-market trading.

Here are some other stocks making moves in pre-market trading.

Winners and Losers

  • Tarena International, Inc. TCTM gained 229% to $3.62 in pre-market trading after a 12% increase on Thursday.
  • Ambow Education Holding Ltd. AMBO shares jumped 203.6% to $0.4190 in pre-market trading, following a 15% surge on Thursday.
  • Lichen China Limited LICN saw a 124% rise to $2.63 in pre-market trading and filed for a mixed shelf of up to $100 million.
  • Tantech Holdings Ltd TANH shares surged 80.7% to $1.57 in pre-market trading, following a 16% jump on Thursday.
  • Wah Fu Education Group Limited WAFU gained 54.7% to $3.45 in pre-market trading after a 15% surge on Thursday.
  • Boqii Holding Limited BQ shares rose 24.2% to $0.36 in pre-market trading, despite a 5% dip on Thursday.
  • Netcapital Inc. NCPL shares gained 21% to $0.1875 in pre-market trading, following a 7% increase on Thursday.
  • Applied Materials, Inc. AMAT gained 12.9% to $211.89 in pre-market trading after reporting better-than-expected first-quarter financial results and issuing second-quarter guidance.
  • Coinbase Global, Inc. COIN shares rose 12.6% to $186.50 in pre-market trading following better-than-expected financial results for its fourth quarter on Thursday.

    Losers

  • CLPS Incorporation CLPS shares dipped 60% to $0.4080 in pre-market trading despite a 10% gain on Thursday.
  • MultiSensor AI Holdings, Inc. MSAI shares fell 18% to $2.88 in pre-market trading after increasing over 68% on Thursday.
  • Semper Paratus Acquisition Corporation TVGN shares declined 18% to $8.20 in pre-market trading after surging 119% on Thursday, due to Tevogen Bio’s announcement of an $8 million equity investment.
  • CURO Group Holdings Corp. CURO fell 18% to $0.2050 in pre-market trading despite a 26% increase on Thursday.
  • Bloom Energy Corporation BE shares fell 17.2% to $9.91 in pre-market trading after reporting worse-than-expected fourth-quarter financial results.
  • Inventiva S.A. IVA shares tumbled 16.6% to $3.32 in pre-market trading following the company’s preliminary 2023 fiscal year financial results and an update on its clinical trial NATiV3.
  • Roku, Inc. ROKU shares fell 16% to $79.41 in pre-market trading after the company reported fourth-quarter financial results.
  • LM Funding America, Inc. LMFA shares declined 14.6% to $0.5033 in pre-market trading despite gaining 14% on Thursday.
  • Yelp Inc. YELP dipped 11.2% to $39.44 in pre-market trading after the company reported mixed fourth-quarter financial results. Yelp also announced its board of directors authorized a $500 million increase to its share repurchase program.
  • Dropbox, Inc. DBX shares fell 9.6% to $29.43 in pre-market trading following the reporting of its fourth-quarter results.
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