The Ventura, California-based company said it had net income of 36 cents per share. Earnings, adjusted for stock option expense, came to 59 cents per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

Wall Street expectations and Trade Desk’s own outlook had called for better quarterly sales for the ad-tech company. Both were wrong.

Shares of The Trade Desk (TTD) have collapsed and are down 26% after the digital content and online advertising company reported mixed

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price,

The Trade Desk (TTD) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.

In a report released yesterday, Mark Mahaney from Evercore ISI maintained a Buy rating on Trade Desk (TTD – Research Report), with a price