Sea Limited Reports Second Quarter 2023 Results

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Go back to Sea Limited Reports Second Quarter 2023 Results

JPMorgan Downgrades Sea Ltd. (SE) to Neutral, 'Growth pivot at expense of profits'

August 17, 2023 4:17 PM EDT

JPMorgan analyst Ranjan Sharma downgraded Sea Ltd. (NYSE: SE) from Overweight to Neutral with a price target of $45.00 (from $96.00).

The analyst comments "SEs decision to accelerate ecommerce investments in growth is likely to materially weigh on its earnings and share price in the... More

Sea Ltd. (SE) PT Lowered to $46 at Deutsche Bank, 'nervous quarters ahead'

August 16, 2023 6:42 AM EDT

Deutsche Bank analyst RennaVerma Bhasin lowered the price target on Sea Ltd. (NYSE: SE) to $46.00 (from $83.00) while maintaining a Hold rating.

The analyst comments "Sea's share price collapsed 29% post 2Q results. Markets seem concerned by mgt. commentary that the Co is looking to... More

Sea Ltd (SE) shares plunge 13% after Q2 earnings miss

August 15, 2023 6:39 AM EDT

Sea Ltd (NYSE: SE) disclosed today its second-quarter financial results, which fell below the average analyst estimate.

Sea stock fell 13.5% in pre-market Tuesday.

Sea reported revenue of $3.10 billion for the second quarter, missing the estimated figure of $3.26 billion. Earnings per share came in... More