Earnings Report Express | Sea falls over 6% in pre-market, Q3 earnings per share below expectations
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On November 11th (Tuesday), Sea fell over 6% in pre-market trading. In terms of news, Sea's Q3 earnings per share were below expectations. Specifically, Sea reported that its Q3 revenue was USD 5.986 billion, a year-on-year increase of 38.3%, exceeding analysts' expectations of USD 5.65 billion; gross profit was USD 2.599 billion, a year-on-year increase of 39.7%; net profit was USD 375 million, a year-on-year increase of 144.6%; the company's Q3 earnings per share were USD 0.59, a year-on-year increase of 145.8%, which was lower than the general analyst expectation of USD 0.77
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