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JPMorgan analyst Ranjan Sharma upgraded Sea Ltd. (NYSE: SE) from Neutral to Overweight with a price target of $90.00 (from $66.00).
The analyst comments "We are upgrading SE to OW as all three major business segments are likely to drive positive earnings revisions. We especially anticipate... More
Jefferies analyst Thomas Chong raised the price target on Sea Ltd. (NYSE: SE) to $92.00 (from $89.00) while maintaining a Buy rating.
The analyst comments "Shopee results beat expectations (link) and it revised up full year GMV guidance. Management highlighted that Shopee focuses on growth and invests in user experience with long term EBITDA margin expected to remain intact. For digital entertainment, FF targets a mass gamers base with DAU exceeding 100m. In addition, DFS leverages Shopee's ecosystem... More
Jefferies analyst Thomas Chong reiterated a Buy rating and $89.00 price target on Sea Ltd. (NYSE: SE).
The analyst comments "Sea reported 2Q24 results with GAAP revenue beat expectations. By segment, Shopee GMV increased by 29% YoY (vs our estimate at 26% YoY) and segment... More
Sea Ltd. (NYSE: SE) reported mixed results for the fiscal Q2 2024, sending its shares slightly lower in the premarket trading Tuesday.
The consumer internet company posted Q2 earnings per share (EPS) of $0.14, falling short of the analyst estimate of $0.17. However, revenue came in at $3.81 billion for the quarter, surpassing the consensus projection of $3.74 billion.
Still, SE shares dropped 3.6% in the premarket trade.
The companys adjusted EBITDA... More
(Updated - August 13, 2024 6:45 AM EDT)
Sea Ltd. (NYSE: SE) reported Q2 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $3.81 billion versus the consensus estimate of $3.74 billion.
For earnings history and earnings-related data on Sea Ltd. (SE) click here.
... MoreBy Yuvraj Malik
(Reuters) - Sea Ltd beat revenue estimates for the second quarter and raised its forecast for e-commerce platform Shopee, signaling robust demand for online shopping in Southeast Asia and sending its U.S.-listed shares up 11% on Tuesday.
CEO Forrest Li said Shopee will deliver an adjusted core operating profit in the third quarter, with the gross merchandise value (GMV) for the platform expected to grow mid-20% this year. Its earlier forecast... More
