Sea Earnings Loss Worse Than Expected, Revenue Growth Strong [Investor's Business Daily]
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: Investors Business Daily
Related news Asian e-commerce company Sea Limited ( SE ) reported mixed first-quarter earnings results early Monday. Sea stock rose before the open. The company reported an adjusted loss of 52 cents per share as revenue swelled 58% to $913.9 million. Wall Street expected a loss of 35 cents on revenue of $913.3 million. Sea stock jumped 5.4% during premarket action on the stock market today . Singapore-based Sea is an e-commerce and digital entertainment services company serving Southeast Asia. Sea has been pumping out strong revenue growth but it has yet to show a profit since its December 2017 initial public offering. Sea stock is trading near record highs and is up more than 50% this year. Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets. YOU MAY ALSO LIKE: Sea Stock Fueled By Triple-Digit Revenue Growth, Market Expansion Start Building Your Watchlist Now: Top Stocks In Leaderboard Today Best Growth Stocks To Bu
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News
- Chinese Metal Tycoon's Heir Buys $62 Million Singapore Mansion [BNN Bloomberg (Canada)]BNN Bloomberg
- Sea Limited (NYSE: SE) was upgraded by analysts at Loop Capital from a "hold" rating to a "buy" rating. They now have a $92.00 price target on the stock, up previously from $59.00.MarketBeat
- Sea Limited or Mercado Libre: Which Is the Best Growth Stock to Buy? [Yahoo! Finance]Yahoo! Finance
- Sea Limited (NYSE: SE) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $70.00 price target on the stock, up previously from $65.00.MarketBeat
- Sea Limited (NYSE: SE) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $70.00 price target on the stock, up previously from $62.00.MarketBeat
SE
Earnings
- 3/4/24 - Beat