Weekly Recap | Sea -0.49%, profit misses estimates
Weekly Review·
- Sea Limited shares fell 0.49 % this week to close at $ 75.36 amid heightened trading activity.
- Third-quarter revenue rose 43 % year-over-year to $ 8.58 billion, while GAAP earnings per share missed expectations at $ 0.78 due to increased AI and cloud investments.
- The company announced a $ 1 billion share buyback program, and institutional analysts maintained a strong buy consensus with a target price of $ 134.50 .
