|Day's range||0.5000 - 0.5100|
Recently, Zacks.com users have been paying close attention to Sea Limited Sponsored ADR (SE). This makes it worthwhile to examine what the stock has in store.
Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Sea - better known as owner of e-commerce platform Shopee and online gaming developer Garena - declined to comment.
Brazilian Finance Minister Fernando Haddad said on Monday the government has not yet decided on the tax rate for shipments from international e-commerce companies, following previous indications that it could be lowered. On Friday, Haddad had stated the current rate of 60% could change as part of a government's plan to bring companies that currently do not pay this tax into compliance, absorbing the cost themselves instead of passing it on to consumers. Haddad further stated that the government is finalizing an e-commerce compliance plan, which is expected to be released "in the coming days."
Based on the average brokerage recommendation (ABR), Sea Limited Sponsored ADR (SE) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Recently, Sea Limited (NYSE: SE), a technology conglomerate based in Singapore, announced a 5% pay raise for most of its employees starting in July. Let's examine Sea Limited's latest earnings announcement to gain insights into its current situation. Shopee has been a controversial business.
Stocks suffering the most in this tough economic period could deliver the biggest gains during a recovery.
Sea Limited (NYSE: SE) investors have been on a wild ride this year, with the stock rising more than 60% in 2023 up until last week's earnings report, after which the stock promptly dropped nearly 20%. While a slight miss on the bottom line might have been the excuse short-term investors needed to take some profits, Sea Limited actually delivered some impressive results when looking under the hood at its most important e-commerce and fintech segments. In fact, there aren't one but several good reasons to scoop up Sea shares for the long haul at these prices.
Sea’s share price may weaken in the near term in view of the lower q-o-q earnings in 1QFY2023.
Share prices of Sea Limited (NYSE: SE) fell by 18% on Tuesday after the Singapore-based e-commerce and gaming company posted its first-quarter report. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, Sea posted a profit of $507 million, compared to a loss of $510 million a year ago. On a generally accepted accounting principles (GAAP) basis, it generated a net profit of $87 million, which was also a vast improvement from its net loss of $580 million a year earlier.
Sea Limited's (SE) first-quarter 2023 results benefit from a solid uptick in e-commerce and digital financial services businesses.
Companies In The News Are: IQ, BIDU, SE, SA.
Though it jumped from a massive net loss to a profit, its first-quarter numbers weren't good enough to please the market.
Image source: The Motley Fool. Sea Limited (NYSE: SE)Q1 2023 Earnings CallMay 16, 2023, 7:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Sea Limited first-quarter 2023 results conference call.
Although the Nasdaq Composite managed to post modest gains, the Dow Jones Industrial Average and S&P 500 were both lower. Sea Limited (NYSE: SE) raised some concerns about the strength of consumers in the Asia-Pacific region, while shareholders in Horizon Therapeutics (NASDAQ: HZNP) had to deal with a threat that could bring hopes for a lucrative acquisition to a grinding halt. Shares of Sea Limited dropped 15% on Tuesday morning following the release of the Southeast Asian e-commerce and video game specialist's latest financial results.
Yahoo Finance Live's Rachelle Akuffo discusses the drop in shares of Sea Limited after its Q1 earnings miss.
In this video, I will go over Sea Limited's (NYSE: SE) first-quarter earnings report, which saw the company generate net income for the second quarter in a row. Despite the positive effect of the cost cuts, the market wasn't convinced.
Sea Ltd missed first-quarter profit estimates on Tuesday as it set aside more money for loans that could go sour in its digital finance services business, sending the Singapore-based company's shares down about 10% in premarket trading. But Sea's shares have lost 75% of their value in 2022, as benefits from the pandemic fizzled out and inflation slammed the brakes on consumer spending.
SINGAPORE, May 16, 2023--Sea Limited (NYSE: SE) ("Sea" or the "Company") today announced its financial results for the first quarter ended March 31, 2023.
There was perhaps no bigger poster child for the pandemic boom-and-bust cycle than Sea Limited (NYSE: SE). As a result, Sea's stock plunged nearly 90% at one point from its 2021 peak to last October's lows. Management responded by aggressively cutting costs and scaling back Sea's geographical ambitions to focus on its core markets.
Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.
Shopee may be at the forefront of most consumers’ minds but its parent company may not be as popular among investors. The post <strong>What Happened to Shopee’s Parent Company?</strong> appeared first on The Smart Investor.
Sea Limited's (SE) first-quarter 2023 performance will likely benefit from the diversification of overall service offerings and cost-optimization initiatives.
The analysts have lifted Sea’s FY2023-FY2024 EPS by 1.3%-25.6% on higher e-commerce margin assumptions.
Sea Limited Sponsored ADR (SE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Sea Limited Sponsored ADR (SE) closed the most recent trading day at $84, moving -0.39% from the previous trading session.