Sea Ltd. fell after saying earnings missed estimates, gaming revenue plunged 43% and it swallowed a one-time charge of more than $100 million, putting the Southeast Asian internet firm under pressure to sustain profitability.
revenue grew just 5% and a goodwill impairment charge slashed net income to $88.1 million, missing the $224.4 million analysts expected.
Down ~12%
[link] [comments] https://www.reddit.com/r/stocks/comments/13j84ix/sea_limited_sinks_after_missing_quarterly_targets/
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