Sea Ltd $Sea Ltd(SE)$ has surged by 16% since its earnings announcement on March 4, 2024. Its outperformance was primarily due to an earnings beat and a better-than-expected outlook for 2024. Earnings Review: Sea Ltd reported a net income of $162.7 million in 2023, a significant improvement compared to a net loss of $1.7 billion in 2022. Nonetheless, we maintain concerns about Sea Ltd's long-term profitability. E-commerce: In the fourth quarter of 2023, gross orders experienced a notable 46% year-on-year increase, and GMV (Gross Merchandise Volume) saw a 29% year-on-year growth. Despite these positive indicators, the operating income witnessed a substantial 377% year-on-year decline, reaching a negative USD303 million. This decline suggests in
Can Sea Close Above $60 After Earnings Beats?
Sea rises around 15% after earnings beats. Sea Q4 EPS $(0.19) Vs $0.72 YoY, Sales $3.62B Beat $3.53B Estimate. -------------------------- Can Sea close above $60 after earnings beats? Has Sea's competitive environment improved?
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