US Stock Market Move | After Q1 adjustments, Ebitda guidance is lower than expected, causing The Trade Desk (TTD.US) to drop nearly 30% in pre-market trading.

On Thursday, The Trade Desk (TTD.US) plunged nearly 30% in pre-market trading, to $85.88. On the news front, the company reported adjusted EPS of $0.59 for the fourth quarter, beating analyst expectations of $0.54; fourth quarter revenue was $741 million, missing analyst expectations of $759.8 million. The company is forecasting first quarter revenue to exceed $575 million, below analyst expectations of $581.5 million; and first quarter adjusted EBITDA of around $145 million, compared to analyst expectations of $191.6 million.