Sea's Stock Rises After Above-Consensus 4Q Results
Provided by
Dow Jones
By Dean Seal
Shares of Sea Ltd. rose after fourth-quarter results came in above analyst expectations.
The stock was up 12% at $57.35 in premarket trading. Shares had already gained 26% year-to-date when the market closed last week.
The technology conglomerate had a loss of 19 cents a share for the fourth quarter, compared with analyst projections for a loss of 20 cents a share, according to FactSet.
Revenue rose nearly 5% to $3.62 billion, clearing analyst forecasts for $3.57 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 04, 2024 09:02 ET (14:02 GMT)
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