Sea Shares Rise Overnight as Investors Look Past Earnings Miss
Sea shares gained overnight. The report says investors weighed 43.4% revenue growth, improving profits across Shopee, Monee and Garena, and a fresh $1 billion buyback authorization against the third-quarter EPS miss.
Sea (SE) stock gained overnight as retail investors appeared willing to look past the e-commerce giant’s third-quarter (Q3) earnings miss, focusing instead on 43.4% revenue growth, improving profits across Shopee, Monee and Garena, and a fresh $1 billion buyback authorization.Sea stock traded 1.4…