Sea Limited (NYSE:SE) is expected to report second quarter earnings results, before market open, on Tuesday 18th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.42 per share.
Looking ahead, the full year loss are expected at $ 2.07 per share on the revenues of $ 4319.45 million.
Previous Quarter Performance
Sea Limited disclosed loss for the first quarter of $ 0.52 per share, from the revenue of $ 913.92 million. The quarterly revenues improved 57.89 percent compared with the same quarter last year. Street analysts expected Sea Limited to report loss of $ 0.32 per share on revenue of $ 915.42 million for the first quarter. The bottom line results missed street analysts by $ 0.2 or 62.5 percent, at the same time, top line results fell short of analysts by $ 1.5 million or 0.16 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 63.10 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
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Recent Analyst recommendations
- On 1st July 2020, initiated by Stephens at Overweight rating, with $ 130.00 target price.
Conference Call
Sea Limited will be hosting a conference call at 7:30 AM eastern time on 18th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.seagroup.com
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services.
