Sea Limited Q3: Did It Sink or Swim in Its First Post-IPO Earnings Report?

One of the newest tech companies to join the market, Sea Limited (NYSE: SE), has released the first set of quarterly results following its October IPO. The Singapore-based e-gaming business didn't manage to post a single profit in the run-up to its IPO; let's boot up these latest results and see if it managed to flip into the black in its Q3.

I won't leave anyone in suspense -- Sea is still underwater on the bottom line. In fact, the company's attributable net loss deepened considerably in the quarter, more than doubling on a year-over-year basis to almost $133 million. That, however, was much better than the roughly $157 million loss expected by analysts.

Image source: Getty Images

Continue reading

Source: Fool.com