Why Sea Limited Stock Surged Today
Shares of Southeast Asian e-commerce and gaming star Sea Limited (NYSE: SE) exploded 7% higher through 3:20 p.m. EDT on Tuesday, a bright green island in a sea of red on the stock market today.
Although Sea fell short of analyst projections for second-quarter profit, reporting a loss of $0.61 per share instead of the smaller $0.52 loss that was expected, the company beat sales expectations handily with revenue of $2.3 billion versus the $1.9 billion that Wall Street had forecast.
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Source Fool.com
