News Formal

Sea’s Cofounders Lose $1.7 Billion Overnight As Tech Giant’s Earnings Disappoint

  • 📰 Forbes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

México Noticias Noticias

México Últimas Noticias,México Titulares

Singapore-baed Sea Ltd. disappointed investors with first-quarter earnings that came in well below analysts’ expectations, sending its NYSE-listed shares tumbling 18% overnight.

... [+]Wei Leng Tay/Bloomberg

The digital gaming and e-commerce firm said Tuesday that its net profit for the quarter ended March 31 was just over $87 million, compared to a net loss of $580 million from a year earlier. Sea’s bottom line was hit hard by a $118 million goodwill impairment charge that pushed it well below the consensus analyst estimate of $224 million, as compiled by Bloomberg.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 394. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Sea’s Cofounders Lose $1.7 Billion Overnight As Tech Giant’s Earnings DisappointSingapore-baed Sea Ltd. disappointed investors with first-quarter earnings that came in well below analysts’ expectations, sending its NYSE-listed shares tumbling 18% overnight.
Fuente: Forbes - 🏆 394. / 53 Leer más »

Debt ceiling may be 'lose-lose' situation for stocks: Morgan StanleyThe debt-ceiling standoff may be a 'lose-lose' situation for stocks, Morgan Stanley's top strategist says
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »