New Zealand markets open in 1 hour
  • NZX 50

    12,197.15
    +44.95 (+0.37%)
     
  • NZD/USD

    0.6300
    -0.0030 (-0.47%)
     
  • ALL ORDS

    7,745.90
    -25.90 (-0.33%)
     
  • OIL

    74.25
    +0.86 (+1.17%)
     
  • GOLD

    1,879.70
    +3.10 (+0.17%)
     

Why Sea Limited Climbed 17.5% in November

Why Sea Limited Climbed 17.5% in November

Sea Limited's revenue for its third quarter came in at $3.2 billion, up 17.4% year over year. Its gross profit jumped by 21.7% year over year to $1.2 billion, but net loss remained fairly constant at $569.3 million. Despite the weaker results, investors are probably feeling optimistic about what Forrest Li, Sea Limited's CEO, said in the earnings announcement.