Is Sea Limited Stock a Buy Now?
Sea Limited's (NYSE: SE) stock surged 14% on May 17 after the Southeast Asian tech giant posted its first-quarter earnings report. The company's revenue rose 64% year over year to $2.9 billion, which beat analysts' estimates by $40 million. Its adjusted net loss, which excludes stock-based compensation, widened from $320 million to $445 million, or $0.80 per share, but still exceeded analysts' expectations by $0.60.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at negative $510 million, compared to positive $88 million a year ago. On a generally accepted accounting principles (GAAP) basis, its net loss widened from $442 million to $580 million.
Sea's stock price popped after the report but remains down more than 60% this year. Should investors expect that rebound to continue?
Source Fool.com
