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.
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Source: Fool.com
