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Sea Limited American Depositary Shares each representing one Class A
2023-11-16 05:33:00 ET
Sea Limited 's (NYSE: SE) stock price plunged 22% on Nov. 14 after the Singapore-based e-commerce and gaming specialist posted its third-quarter report. Revenue rose 5% year over year to $3.31 billion and exceeded analysts' expectations by $90 million. It narrowed its net loss from $569 million to $144 million, or $0.26 per share, but widely missed analysts' forecast for breakeven earnings.
That mix of sluggish growth and red ink was disappointing, but could Sea's stock recover over the next 12 months? Let's review its biggest challenges, turnaround plans, and valuation to find out.