SE

Sea Limited (SE) recently reported earnings for its second quarter of Fiscal Year 2022. Adjusted earnings per share came in at -$1.03, which beat analysts' consensus estimate of -$1.14 per SE share. In the past nine quarters, the company has beat estimates three times. Nevertheless, shares fell by more than 9% shortly after the market opened. Sales increased 29% year-over-year, with revenue hitting $2.9 billion compared to $2.3 billion. The increase in revenue can be attributed to the strong growth from SE's E-commerce and Other Services segment, which saw a 75.6% increase. However, gross profits increased by 17.
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