Investing.com - Sea reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sea announced earnings per share of $-0.68 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $-0.4665 on revenue of $2.03B.
Sea shares are up 45.87% from the beginning of the year, still down 7.82% from its 52 week high of $315.00 set on August 13. They are outperforming the EUR/USD which is down 0% from the start of the year.
Sea follows other major Technology sector earnings this month
Sea's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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