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Sea Limited Q4 Results Top Estimates; Stock Up 15%
(RTTNews) - Consumer Internet company Sea Ltd. (SE) announced Monday a net loss of $111.62 million or $0.19 per share for the fourth quarter, compared to net income of $422.84 million or $0.72 per share in the prior-year quarter.
On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter grew 4.8 percent to $3.62 billion from $3.45 billion in the same quarter last year. Analysts had a consensus revenue estimate of $3.55 billion for the quarter.
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Sea Limited Q3 Results Top Estimates; Stock Up 15%
Consumer Internet company Sea Ltd. (SE) announced Tuesday that net loss excluding share-based compensation attributable to Sea's ordinary shareholders for the third quarter widened to $369.54 million or $0.66 per share from $450.05 million or $0.84 per share in the prior-year quarter.
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998 days ago
Canadian Dollar Falls Against Most Majors
The Canadian dollar dropped against its most major counterparts in the New York session on Friday.
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23h 25min ago
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
The Canadian market is up in positive territory Friday afternoon with investors largely reacting to quarterly earnings announcements, and the nation's jobs data, in addition to weighing the impact of tariffs on global economic growth.
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1 day ago
Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Friday despite exhibiting weakness for much of the time past noon. Investors continued to react to earnings and assess the economic impact of reciprocal tariffs, and stayed largely cautious with their moves.
A report showing a drop in Swiss consumer confidence in the month of July hurt sentiment.
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1 day ago
Major European Markets Close On Mixed Note
Major European markets turned in a mixed performance on Friday with investors largely staying cautious, assessing the impact of tariffs on global economic growth, and continuing to digest corporate earnings announcements and other data.
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1 day ago
Positive Start Seen For Canadian Stocks
Canadian stocks may edge up a bit in early trades Friday morning with some encouraging earnings announcements and firm commodity prices aiding sentiment.
Investors will also be reacting to the data showing a 41,000 jobs drop in Canadian employment in the month of July. Data from Statistics Canada also showed that the unemployment rate in Canada came in unchanged at 6.9%.
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1 day ago
UK Market Roughly Flat; Mining Stocks Move Higher
Amid a lack of economic and earnings data, U.K. stocks are moving in a tight range in somewhat lackluster trade on Friday. Investors are assessing the potential impact of the Trump administration's reciprocal tariffs on global economic growth. Optimism about a rate cut by the Fed next month is aiding sentiment a bit.
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1 day ago
CAC 40 Climbs Higher For 3rd Straight Day
French stocks are modestly higher on Friday, extending gains to a third straight session, with mostly encouraging corporate earnings announcements aiding sentiment.
Concerns about the potential impact of Trump's reciprocal tariffs limit market's upside a bit.
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1 day ago
