What came about?
Sea Restricted launched its 3rd quarter 2023 (3Q 2023) income this week.
The e-commerce cum gaming participant’s stocks proceeded to plunge 22% to near at US$35.87 on 14 November.
Yr-to-date, stocks of Sea Restricted are down greater than 32% and are buying and selling as regards to its 52-week low of US$34.87.
Traders is also questioning if the worst could be over for Sea Restricted.
We dive deeper into the corporate’s numbers and running statistics to take a look at to resolve this.
What traders would possibly not like about Sea Restricted’s income
#1 – Incurred a internet loss after 3 consecutive quarters of profitability
For 3Q 2023, Sea Restricted noticed overall earnings inch up 4.9% 12 months on 12 months to US$3.3 billion.