Sea Q2 EPS $0.54 Misses $0.69 Estimate, Sales $3.10B Miss $3.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sea (NYSE:SE) reported Q2 earnings of $0.54 per share, missing the analyst consensus estimate of $0.69 by 21.74%. The company also reported quarterly sales of $3.10 billion, missing the analyst consensus estimate of $3.42 billion by 9.58%. However, this represents a 152.43% increase in earnings and a 5.16% increase in sales compared to the same period last year.
August 15, 2023 | 10:32 am
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NEGATIVE IMPACT
Sea's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the significant YoY growth could mitigate this impact.
Sea's Q2 earnings and sales missed analyst estimates, which is typically a negative signal for the stock. However, the company showed significant YoY growth, which could be seen as a positive signal by some investors. Therefore, the short-term impact on the stock is likely to be negative, but the extent of this impact could be mitigated by the YoY growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100