Sea Rallies On Upbeat Q4 Results
Shares of consumer internet company Sea Limited (SE) are rising more than 13% Tuesday morning after reporting better-than-expected fourth-quarter results.
The company reported net profit of $422.84 million or $0.72 per share in the fourth quarter compared with net loss of $616.29 million or $1.12 per share a year ago. On average, 6 analysts polled by Thomson-Reuters expected earnings of $0.79 loss per share.
Quarterly revenue increased 7.1% year-on-year to $3.45 billion. The consensus estimate was for $3.06 billion.
SE is at $74.50 currently. It has trade in the range of $40.67-$136.43 in the last 1 year.
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