Is It Too Late to Buy Sea Limited Stock?
Sea Limited's (NYSE: SE) stock price dipped 4% on Nov. 16 after the Singapore-based gaming and e-commerce giant posted its third-quarter earnings report. Its revenue surged 122% year over year to $2.7 billion, which beat estimates by $240 million.
However, Sea's net loss widened from $425 million to $571 million, or $0.84 per share, which missed expectations by six cents. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, Sea posted a net loss of $165 million, compared to a profit of $120 million a year earlier, as its operating expenses more than doubled.
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Source Fool.com
