Is Sea Limited Stock a Buy Now?
Sea Limited's (NYSE: SE) stock price tumbled 14% on Aug. 16 following its second-quarter report. The Singapore-based tech company's revenue rose 29% year over year to $2.94 billion, which missed analysts' expectations by $90 million. Its adjusted net loss widened from $321 million to $570 million, or $1.03 per share, but it still beat the consensus forecast by $0.03.
On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, Sea's loss widened from $24 million to $506 million. On a generally accepted accounting principles (GAAP) basis, its net loss more than doubled from $434 million to $931 million. Those headline numbers were messy, but does Sea's post-earnings stock price pullback represent a good long-term buying opportunity?
Image source: Getty Images.
Source Fool.com
