Why The Trade Desk Stock Plunged to a New 7-Year Low Today

The Trade Desk stock plummeted 20.46% after reporting disappointing Q2 results with only 3% revenue growth and 17% EPS decline, missing analyst expectations. The company issued weak Q3 guidance of $650M versus expected $807M, prompting Wall Street downgrades. This marks the latest in a series of misses following the company's first guidance miss in 33 quarters last year.