Shares of Trade Desk (NASDAQ:TTD) fell 4.8% after the company said it has appointed Tahnil Davis as Interim Chief Financial Officer.
Davis will report directly to CEO and co-founder Jeff Green, taking over the role from Alex Kayyal.
Alongside the leadership update, the digital advertising group reiterated its financial guidance for the fourth quarter. Trade Desk said it continues to expect revenue of at least $840 million, modestly below the Bloomberg Consensus estimate of $842.7 million.
The company also reaffirmed its adjusted EBITDA outlook of roughly $375 million, compared with analysts’ expectations of about $376.8 million.