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Cowen is curtailing its expectations for console videogame spending this year, pointing to additional hurdles from game delays as well as foreign exchange since its last look at the space. The firm expects 2022 console game spending to fall 7%, down from a previous estimate for a 1%...
Shares of Sea Limited (NYSE: SE) are down 24% for the week as of 11:39 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence . The e-commerce leader reported earnings results on Tuesday, Aug. 16 that left investors looking for more growth. ...
Videogame sales continued a year-over-year decline in July - but at a moderating rate, and the spending tracked back toward near 2020 levels, with some help from increased console outlays. Overall sales fell 9% year-over-year to $4.177B, according to NPD Group, mirroring the 10%...
The current market environment has gotten flipped on its head compared to the past few years. In 2021 and 2020, many investors cared little about profitability and cash generation. Instead, they focused on companies attacking large addressable markets and prioritized a company's potential. ...
Tuesday, before the markets opened, Sea Limited reported its Q2 2022 earnings. The stock was down 23% since the earnings. Guidance for Shopee that was withdrawn probably played an important role. We look at the different division: Garena, Shopee and Sea Money and their results and...
NetEase ( NASDAQ: NTES ) rose premarket following better-than-expected second-quarter earnings , but has turned 4.9% lower amid a sell-off in Chinese and Southeast Asian tech names. Among stocks selling off Thursday, Baidu ( BIDU ) was 2.8% lower ; Sea Limited ( ...
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...
Shares of Singapore-based e-commerce, payments, and online gaming company Sea Limited (NYSE: SE) closed down 6.4% on Wednesday, one day after news of an earnings beat (but a revenue miss) for the company's fiscal second quarter 2022 sent the stock down 14% in a single day . ...
Shares of Latin America's e-commerce and digital economy leader MercadoLibre (NASDAQ: MELI) were down 5.3% on Wednesday. There was no specific news from the company to cause the sell-off. However, the stock has rallied some 50% from its recent lows in mid June, so it's due for a bre...
Coupang is the largest e-commerce business in South Korea, the fifth-largest e-commerce market in the world. Coupang's market share has increased each quarter since their IPO, and their product commerce segment grew at four times the rate of the South Korean market in Q2. Coupang ...
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Sea Limited (NYSE: SE) (“Sea” or the “Company”) plans to announce its second quarter 2024 results before the U.S. market opens on August 13, 2024, U.S. Eastern Time. The Company’s management will host a conference call to discuss the second quarter 2024 resu...
2024-07-29 08:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...