Investing.com - Sea reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sea announced earnings per share of $-0.8 on revenue of $2.90B. Analysts polled by Investing.com anticipated EPS of $-1.26 on revenue of $2.86B.
Sea shares are down 26% from the beginning of the year, still down 81.13% from its 52 week high of $372.70 set on October 19, 2021. They are under-performing the Nasdaq 100 which is down 24.98% from the start of the year.
Sea follows other major Communication Services sector earnings this month
Sea's report follows an earnings missed by Alphabet C on April 26, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of $2.72 on revenue of $27.91B, compared to forecast for EPS of $2.56 on revenue of $28.28B.
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