Why Shopee Parent Sea's Stock Is Soaring Tuesday [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
Sea's third-quarter revenue was up 30.8% from a year ago to $4.33 billion, exceeding forecasts. E-commerce sales jumped 42.6%, and financial services sales added 38%. Sea Limited's ( SE ) U.S.-listed shares jumped Tuesday after the Singapore-based company posted better-than-expected sales on strong demand for its e-commerce and financial services. The parent of the Shopee marketplace reported third-quarter revenue soared 30.8% to $4.33 billion, well above the $4.06 billion expected by analysts surveyed by Visible Alpha. Sea posted earnings per share (EPS) of 24 cents, swinging from a loss of 26 cents per share a year ago, though that missed forecasts. Sea's e-commerce sales jumped 42.6% to $3.2 billion, with gross orders up 24.2% to 2.8 billion. Sales at the Digital Financial Services unit rose 38% to $615.7 million. However, Digital Entertainment division sales dropped 15.9% to $497.8 million. Sea shares were up close to 11% in intraday trading Tuesday, and have more than
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- Sea Limited (NYSE: SE) had its "reduce" rating re-affirmed by analysts at Phillip Securities. They now have a $100.00 price target on the stock, up previously from $80.00.MarketBeat
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- Sea Limited (NYSE: SE) was upgraded by analysts at Dbs Bank from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sea Limited (NYSE: SE) had its price target raised by analysts at Barclays PLC from $94.00 to $131.00. They now have an "overweight" rating on the stock.MarketBeat
- Sea Limited Q3 Earnings Miss Estimates, Shares Rise on Revenue Growth [Yahoo! Finance]Yahoo! Finance