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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