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Shares of Sea (NYSE:SE) decreased 3.9% in pre-market trading after the company reported Q3 results.
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Quarterly Results
Earnings per share fell 43.75% over the past year to ($0.69), which missed the estimate of ($0.53).
Revenue of $1,212,000,000 higher by 58.79% from the same period last year, which missed the estimate of $1,400,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Sea hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Nov 17, 2020
Time: 07:30 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/se/mediaframe/41579/indexr.html
Recent Stock Performance
Company's 52-week high was at $187.75
Company's 52-week low was at $35.30
Price action over last quarter: Up 13.64%
Company Overview
Sea Ltd is an internet company. The company operates through three segments namely Digital entertainment, E-commerce, and Digital financial services. It generates maximum revenue from the Digital Entertainment segment. Digital Entertainment segment includes Garena's platform which offers mobile and PC online games across the region and develops mobile games for the global market. Garena is the global leader in eSports, it also provides access to other entertainment content and social features, such as live streaming of gameplay, user chat, and online forums. Geographically, it derives a majority of revenue from Southeast Asia and also has a presence in Latin America; the Rest of Aisa and the Rest of the world.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.