Sea: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Sea (NYSE:SE) reported Q3 earnings with an EPS of $-0.26, significantly missing the estimated $0.03. Despite this, revenue increased by $154.17 million compared to the same period last year. The company's stock price had previously dropped by 0.2% following an EPS miss last quarter.
November 14, 2023 | 11:35 am
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Sea reported a significant miss in Q3 earnings with an EPS of $-0.26 compared to the estimated $0.03, but showed an increase in revenue year-over-year.
The substantial earnings miss is likely to negatively impact investor sentiment in the short term, as evidenced by the previous quarter's stock price drop following an earnings miss. The increase in revenue may provide some cushion, but the magnitude of the EPS miss suggests a stronger negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100