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Trade Desk’s stock roars as earnings forecast crushes expectations

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Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter.

The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were modeling $451 million in revenue as well as $113 million in adjusted Ebitda.

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