Sea Shares Surged 11% as Sales Beat Estimate
Tiger Newspress2022-11-15
Sea shares surged 11% as sales beat estimate. Sea Q3 EPS $(0.66) beats $(1.09) estimate, sales $3.20b beat $3.00b estimate.
E-commerce revenue grew 32.4% Y/Y to $1.98B. Gross orders totaled 2.B, an increase of 21.4% Y/Y.
"Given rising macro uncertainties, and with reopening trends having an ongoing effect on the business, we are revising the guidance for digital entertainment. We now expect bookings for the full year of 2022 to be between US$2.6 billion and US$2.8 billion, as compared to the previous guidance of between US$2.9 billion to US$3.1 billion."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
