The stock market is nearing the end of a very busy earnings season for the quarter ended June 30. Investors have been looking for clues about the health of the consumer as the broader economy grapples with high inflation and rising interest rates.
Singapore-based Sea Limited (NYSE: SE) offers some unique insights thanks to its focus on the digital economy, which is occupying a growing share of consumers' wallets. Like many technology companies , Sea Limited is experiencing a slowdown from the lofty growth rates it generated during the height of the pandemic.
But there were some positives beneath the surface of its top-line results in the second quarter, and here are the details.
For further details see:
Sea Limited Sell-Off: Is the Growth Stock a Buy Now?