Sea Q1 2024 GAAP EPS $(0.04) Misses $(0.02) Estimate, Sales $3.734B Beat $3.564B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sea (NYSE:SE) reported Q1 2024 earnings with a GAAP EPS of $(0.04), missing the $(0.02) estimate, but sales of $3.734B exceeded the $3.564B estimate, marking a 22.80% increase from last year.

May 14, 2024 | 10:32 am
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NEUTRAL IMPACT
Sea's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, indicating mixed financial health but potential growth in revenue.
The miss on EPS estimates could negatively impact investor sentiment in the short term, suggesting potential concerns over profitability. However, the significant beat on sales estimates and a notable year-over-year sales growth could counterbalance the negative EPS impact by indicating strong revenue growth and market expansion. This mixed financial performance makes the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100