Sea Q3 Sales $3.31B Beat $3.12B Estimate, EPS of $(0.26) Vs $(1.01) YoY
Portfolio Pulse from Benzinga Newsdesk
Sea (NYSE:SE) reported Q3 sales of $3.31 billion, surpassing the analyst consensus estimate of $3.12 billion by 6.10% and marking a 4.88% increase from $3.16 billion in the same period last year. Earnings per share (EPS) improved to $(0.26) from $(1.01) year-over-year.
November 14, 2023 | 11:34 am
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POSITIVE IMPACT
Sea reported higher-than-expected Q3 sales and a significant improvement in EPS, indicating strong financial performance and potential investor confidence.
The positive earnings report, with both sales and EPS beating estimates, is likely to instill investor confidence and could lead to a short-term increase in Sea's stock price. The substantial improvement in EPS is particularly noteworthy as it reflects not only revenue growth but also better cost management and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100