US81141R1005 - ADR
Looking back on online marketplace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including CarGurus (NASDAQ:CARG) and its peers.
The major indexes retreated, with Treasury yields climbing to four-month highs.
Shares of e-commerce and gaming company Sea (NYSE:SE) jumped 16.2% in the morning session after the company reported strong third-quarter earnings that blew past analysts' revenue and EBITDA expectations. The EBITDA beat was partly due to its lower sales and marketing expenses compared to the same quarter last year. This is sending shares higher because a key debate surrounding Sea is whether the company can hop off the treadmill of marketing spend, which used to exceed its revenue in previous years. Overall, this quarter had some key positives.
SE earnings call for the period ending September 30, 2024.
Sea Limited stock is up over 150% this year because the company managed to grow.
The Singapore e-commerce and gaming firm beat Q3 views.
E-commerce and gaming company Sea (NYSE:SE) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 30.8% year on year to $4.33 billion. Its GAAP profit of $0.24 per share was 6.9% below analysts’ consensus estimates.
Sea Ltd.’s e-commerce arm turned its first quarterly profit on an adjusted basis, a sign it’s holding its own against bigger Chinese rivals in Southeast Asian markets like Indonesia.
E-commerce and gaming company Sea (NYSE:SE) will be announcing earnings results tomorrow before market open. Here’s what to expect.
After a peer-beating 175% stock rally from its January low, Southeast Asia’s top online-shopping company Sea Ltd. faces a high bar to impress investors with its upcoming third-quarter earnings report.
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Shares of Oracle and Sea Limited are up 68% and 158%, respectively, so far in 2024, and they are positioned for another strong year in 2025.
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Analysts expect U.S. holiday online shopping will start early and come in strong. Will it boost Amazon and other e-commerce stocks?
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