Why Sea Stock Rose This Week
Shares of Sea Limited (NYSE: SE) were up 8% this week as of 10:30 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
Sea is home to leading e-commerce, digital financial services, and digital entertainment businesses in Southeast Asia, Taiwan, and Brazil. Earlier this week, it reported fourth-quarter earnings that blew analysts' sales expectations away, causing its shares to rise.
While Sea's earnings came in slightly below analysts' wishes, it reported its second consecutive profitable year and saw its margin profile improve tremendously. During Q4, Sea saw revenue grow 37%, gross profits balloon 45%, and its net income margin flip from -3% to 5%.
Source Fool.com
