🔹Singapore tech giant Sea Limited
SE
plunged more than 26% in early trading on Tuesday after second-quarter revenue missed estimates.
🔹For the period ending June 30, Sea (SE) earned 54 cents per share as revenue rose 5.2% year-over-year to $3.1B. Included in that was $2.1B in e-commerce revenue, which was negatively impacted by 380 basis points due to foreign currency headwinds.
SE
plunged more than 26% in early trading on Tuesday after second-quarter revenue missed estimates. 🔹For the period ending June 30, Sea (SE) earned 54 cents per share as revenue rose 5.2% year-over-year to $3.1B. Included in that was $2.1B in e-commerce revenue, which was negatively impacted by 380 basis points due to foreign currency headwinds.