Why Sea Limited Plunged Today [Yahoo! Finance]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Yahoo! Finance
Shares of Southeast Asian "super-app" Sea Limited (NYSE: SE) fell as much as 26.8% on Tuesday, before recovering to a 16.4% decline by the end of trading. Sea reported fourth-quarter earnings today that beat both revenue and earnings expectations; however, a rise in certain costs related to its fintech arm Monee appears to have investors nervous. Furthermore, its high-profit Garena gaming division saw a quarter-over-quarter decline in bookings, even as bookings were up strongly year over year. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » All in all, these were imperfections in an otherwise strong earnings report, which may open up an opportunity in this market leader, given that Sea's stock has been more than cut in half from its 52-week high. Sea delivers sterling growth, but not enough for a jittery ma
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