Sea Swings to Q1 Profit as Revenue Rises; Shares Up

MT Newswires Live

05/13

Sea (SE) reported Q1 earnings Tuesday of $0.65 per diluted share, swinging from a loss of $0.04 a year earlier.

An analyst polled by FactSet expected $0.68.

Revenue for the quarter ended March 31 was $4.84 billion, up from $3.73 billion a year earlier.

Analysts surveyed by FactSet expected $4.91 billion.

Shares of the company were up more than 5% in recent premarket activity.

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