trade desk inc reported stronger sales and guidance than expected tuesday amid doubts about the onlineadvertising industry sending shares more than 13 higher in late trading trade desk ttd reported a secondquarter loss of 191 million or 4 cents a share on sales of 377 million up from 280 million a year ago after adjusting for stockbased compensation and other effects the onlineadvertising powerhouse reported earnings of 20 cents a share analysts on average expected adjusted earnings of 20 cents a share on sales of 365 million according to factset shares jumped to more than 61 in afterhours trading immediately following the release of the results after closing with a 09 decline at 5450 trade desk has been under pressure amid a perceived slowdown in onlinead spending which showed up in the earnings of big onlinead players like facebook parent meta platforms inc meta and important trade desk clients like roku inc roku many of those fears have been supported by forecasts from those companies calling for a deceleration in ad spending as companies cut back amid fears of an economic recession “we believe the industry has entered into a modest ad recession where the combination of tighter budgets less time spent online and inflation and fx headwinds is creating elevated pressure on companies” kbcm analysts wrote in a preview of reports from trade desk and other adtech companies trade desk executives guided for thirdquarter revenue of at least 385 million while analysts on average were expecting 382 million according to factset chief executive jeff green said in a statement that his company’s performance “gives us confidence that we will continue to gain market share in any market environment” “we delivered outstanding performance in the second quarter growing 35 versus a year ago significantly outpacing worldwide programmatic advertising growth” he said trade desk shares have declined more than 40 so far this year as the sp 500 index spx has dropped 131