Why Shopee Parent Sea's Stock Is Soaring Tuesday
Sea(SE) Investopedia·2024-11-13 04:16
Key TakeawaysShopee parent Sea Limited reported strong sales from its e-commerce and financial services units, sending its U.S.-listed shares higher Tuesday. Sea's third-quarter revenue was up 30.8% from a year ago to $4.33 billion, exceeding forecasts.E-commerce sales jumped 42.6%, and financial services sales added 38%. Sea Limited's (SE) U.S.-listed shares jumped Tuesday after the Singapore-based company posted better-than-expected sales on strong demand for its e-commerce and financial services. The pa ...