Previous close | 1.4100 |
Open | 1.0600 |
Bid | 0.7800 |
Ask | 0.8500 |
Strike | 45.00 |
Expiry date | 2024-09-20 |
Day's range | 0.7200 - 1.0600 |
Contract range | N/A |
Volume | |
Open interest | 442 |
(Bloomberg) -- Shares of Sea Ltd. jumped after the Southeast Asia e-commerce giant reported first-quarter earnings that exceeded analysts’ estimates, a sign that it has been successfully navigating fierce competition from the likes of ByteDance Ltd.’s TikTok.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsMacron Puts French Banks in Play With Plan to Transform EuropeFlood of China Used Cooking Oil
Singapore-based internet services company Sea Limited on Tuesday reported better-than-expected sales, helped by its Shopee e-commerce business. Sea stock was higher early Tuesday despite the company posting a wider-than-expected loss. In results published before the market opened, Sea said that it lost 4 cents per share on sales of $3.73 billion for the March-ending quarter.
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.