Is Sea Limited Stock a Buy Now?
Sea Limited's (NYSE: SE) stock price skyrocketed 36% on Nov. 15 as investors responded to the company's third-quarter earnings report. The Singapore-based e-commerce and gaming company's revenue rose 17% year over year to $3.2 billion, which beat analysts' expectations by $190 million, as it slightly narrowed its net loss from $571 million to $569 million.
On an adjusted basis that excludes its stock-based compensation, Sea narrowed its adjusted net loss from $448 million to $374 million, or $0.66 per share, which also topped estimates by $0.29. But on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, its net loss more than doubled from $165 million to $358 million.
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Source Fool.com
