Sea Limited (SE) Q1 Earnings Miss Estimates, Revenues Up Y/Y

Sea Limited (SE) reported earnings of 21 cents per share in first-quarter 2024, missing the Zacks Consensus Estimate of 41.67%. The company posted earnings of 61 cents per share in the year-ago quarter.Revenues of $3.79 billion increased 27.8% on a year-over-year basis, beating the Zacks Consensus Estimate by 4.76%. The uptick was primarily driven by growth in Gross Merchandise Value (GMV) for e-commerce and the credit business.The company’s shares have gained 63.6% year to date compared with the Zacks Comp ...