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Sea Limited $SE plunges -26%
🔹Singapore tech giant Sea Limited SE plunged more than 26% in early trading on Tuesday after second-quarter revenue missed estimates.
🔹For the period ending June 30, Sea (SE) earned 54 cents per share as revenue rose 5.2% year-over-year to 3.1B. Included in that was 2.1B in e-commerce revenue, which was negatively impacted by 380 basis points due to foreign currency headwinds.
SE plunged more than 26% in early trading on Tuesday after second-quarter revenue missed estimates.🔹For the period ending June 30, Sea (SE) earned 54 cents per share as revenue rose 5.2% year-over-year to 3.1B. Included in that was 2.1B in e-commerce revenue, which was negatively impacted by 380 basis points due to foreign currency headwinds.
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