Is Sea Limited Stock a Buy Now?
Sea Limited's (NYSE: SE) stock price tumbled 13% on March 1 after it posted its fourth-quarter earnings report. The Singapore-based tech giant's revenue soared 106% year-over-year to $3.2 billion, beating analysts' estimates by $230 million. But on a generally accepted accounting principles (GAAP) basis, its net loss widened from $525 million to $616 million.
On a non-GAAP basis, Sea's net loss widened from $430 million to $485 million, or $0.88 per share, which still beat estimates by three cents. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, it posted a loss of $492 million, compared to a profit of $49 million a year earlier.
Let's dive deeper into Sea's numbers, why they sparked a post-earnings sell-off, and if investors should consider buying this beaten-down growth stock.
Source Fool.com
