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The Zhitong Finance App learned that on Tuesday, Southeast Asian e-commerce giant Sea (SE.US) rose nearly 8% at the beginning of the session and is now at $83.84. According to the news, the company announced third-quarter results. Although revenue exceeded expectations, profit fell short of expectations. Third-quarter adjusted earnings per share were $0.78, which was $0.21 below analysts' general expectations of $0.99. Revenue reached US$8.6 billion, exceeding analysts' expectations of US$8.1 billion, up 43.4% year-on-year from US$6 billion in the same period last year. Net profit increased 34.0% year over year to US$502.5 million.
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The Zhitong Finance App learned that on Tuesday, Southeast Asian e-commerce giant Sea (SE.US) rose nearly 8% at the beginning of the session and is now at $83.84. According to the news, the company announced third-quarter results. Although revenue exceeded expectations, profit fell short of expectations. Third-quarter adjusted earnings per share were $0.78, which was $0.21 below analysts' general expectations of $0.99. Revenue reached US$8.6 billion, exceeding analysts' expectations of US$8.1 billion, up 43.4% year-on-year from US$6 billion in the same period last year. Net profit increased 34.0% year over year to US$502.5 million.
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