What's Going On With Sea Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Sea Limited's Q2 FY23 results missed expectations, with revenue growth of 5.2% YoY to $3.096 billion, below the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. The company's Digital Entertainment revenue decreased by 41.2% YoY, while E-commerce and other services revenue increased by 20.6% YoY. Analysts from Goldman Sachs, Citigroup, B of A Securities, and Bernstein have re-rated the stock, with some maintaining their ratings and others downgrading.
August 16, 2023 | 6:31 pm
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Sea Limited's Q2 FY23 results missed expectations, leading to stock re-ratings by several analysts. The company's stock traded flat, weighed down by the disappointing results.
Sea Limited's Q2 FY23 results missed expectations, with both revenue and EPS falling short of consensus estimates. This has led to several analysts re-rating the stock, with some maintaining their ratings and others downgrading. As a result, the company's stock has been trading flat, weighed down by the disappointing results.
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