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Southeast Asia internet services firm Sea Limited (SE) crashed Tuesday after reporting second-quarter revenue that missed estimates from analysts. SE stock sunk by more than 25% in early trading.
The Singapore-based company earned a profit of 54 cents per share for the quarter that ended in June on $3.1 billion in revenue. Analysts polled by FactSet, however, were expecting sales of $3.26 billion.
In the year-earlier period, Sea lost $1.67 per share on sales of $2.9 billion.
Sea operates businesses in digital entertainment, e-commerce and digital payments and financial services–under the names Garena, Shopee and SeaMoney.
SE stock holds a weak IBD Composite Rating of 45, and even weaker Relative Strength Rating of 15.
More to come.Â
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