Sea Limited News: What's Behind the SE Stock Price Surge Today?

Sea Limited (NYSE:SE), a Singapore-based company that owns the Shopee e-commerce site, is seeing its stock surge over 10% this morning after reporting earnings. Sea reported net income of $331 million, 54 cents per share fully diluted, on revenue of$3.1 billion for the three months ending in June. Shares were trading this morning at about $74, with a market capitalization of over$42.6 billion. So far in 2024, SE stock is up 92%. Shopee Wee! Analysts disagreed on the meaning of the numbers, but traders bid ...