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Why Sea Stock Was Surging Today

TheMotleyFool

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Shares of Sea Limited (NYSE: SE) were up 37% as of 11:29 a.m. ET on Tuesday after the company reported better-than-expected earnings for the third quarter.

The e-commerce leader reported a net loss per share of $0.66, which was better than the loss of $0.99 expected by analysts. Revenue of $3.2 billion also beat the consensus estimate of $3.05 billion.

Worries over slowing growth sent the stock down over 70% year to date, but the company's shift to improving margins could turn things around.

Source Fool.com

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