Earnings movers | TTD missed guidance; Rising costs drag PLUG down
1. $Trade Desk Inc.(TTD)$ , digital ad-tech company, plunged 30%
Third-quarter EPS and revenue beat estimates, but Q4 revenue guidance that fell well short of analysts’ estimates.
Q4 revenue of $580 mln, missing by 5%.
Management cites cautiousness from advertisers in certain verticals, such as U.S. auto and media/entertainment due to the strikes.
2. $Plug Power(PLUG)$, fuel-cell company, dropped more than 30%
Posted a wider loss and a revenue miss, which said it faced “unprecedented supply challenges.”
Plug Power lost 47 cents, more than -30 cents in the year-ago quarter.
Its results reveals rising costs, with revenue increasing to over $198 mln but cost of revenue jumping to over $336 mln.
3. $Unity Software Inc.(U)$ , the video-game engine maker, lost 12%
Revenue of $544.2 mln, lower than the expected $553.7 mln
The company skips guidance, citing undergoing changes. Its new fee policy is still controversial.
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