Sea shares dropped 4% in morning trading as revenue miss estimates.
Sea (NYSE:SE) reported quarterly losses of $(1.03) per share which beat the analyst consensus estimate of $(1.21) by 14.88 percent. This is a 68.85 percent decrease over losses of $(0.61) per share from the same period last year.
The company reported quarterly sales of $2.90 billion which missed the analyst consensus estimate of $2.97 billion by 2.36 percent. This is a 27.14 percent increase over sales of $2.28 billion the same period last year.
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