Sea Ltd reports results for the quarter ended June 30 - Earnings Summary

• Sea Ltd SE.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of ten analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 56 cents to 77 cents per share.

• Revenue rose 38.2% to $5.26 billion from a year ago; analysts expected $4.98 billion.

• Sea Ltd's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $414.2 million.

• Sea Ltd shares had fallen by 8.6% this quarter and gained 37.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Sea Ltd is $180.00, about 18.8% above its last closing price of $146.23

This summary was machine generated from LSEG data August 12 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)