Sea Q2 2024 GAAP EPS $0.14 Misses $0.15 Estimate, Sales $3.807B Beat $3.724B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sea Limited (NYSE: SE) reported Q2 2024 earnings per share (EPS) of $0.14, missing the analyst consensus estimate of $0.15 by 6.67%. However, the company reported quarterly sales of $3.807 billion, beating the analyst consensus estimate of $3.724 billion by 2.22%. This represents a 22.96% increase over sales of $3.096 billion in the same period last year.
August 13, 2024 | 10:31 am
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Sea Limited reported Q2 2024 EPS of $0.14, missing the $0.15 estimate by 6.67%. However, sales of $3.807 billion beat the $3.724 billion estimate by 2.22%, showing a 22.96% YoY increase.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact on Sea Limited's stock price. The significant YoY sales growth is a positive indicator, but the EPS miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100