Sea's Stock Climbs as 3Q Revenue Tops Market Views
15 Novembro 2022 - 10:37AM
Dow Jones News
By Sabela Ojea
Shares of Sea Ltd. rose early Tuesday after the technology
conglomerate company posted a flat loss for the third quarter and a
higher-than-expected rise in revenue.
In premarket trading, shares are up 17% at $53.64.
The company said its net loss stood at $569.3 million, or 66
cents a share, compared with a loss of $571.0 million, or 84 cents
a share, for the year-earlier period.
Revenue rose 17% to $3.16 billion, just above market
expectations of $3 billion, according to FactSet.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 15, 2022 08:22 ET (13:22 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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