5 Companies on Investors’ Radar After Releasing Their Quarterly Results

1. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 108

Shares of Sea Limited (NYSE:SE) rose over 14 percent on Tuesday, May 17, 2022, after posting a narrower-than-expected loss for the first quarter. The Singapore-based consumer internet company reported an adjusted loss of 80 cents per share, compared to analysts’ average estimate for a loss of $1.17 per share.

Revenue for the quarter climbed 64.4 percent versus last year to $2.9 billion, against the consensus of $2.8 billion. Sea Limited (NYSE:SE) also released its segment-wise sales results. Its e-commerce revenue climbed 64.4 percent to $1.5 billion, digital entertainment revenue jumped 45.3 percent to $1.1 billion and digital financial services revenue skyrocketed 359.9 percent to $236 million in the quarter.

For the full year, Sea Limited (NYSE:SE) revised its e-commerce sales guidance, citing macro uncertainties. The company now anticipates revenue in the range of $8.5 – $9.1 billion, versus its previous outlook of $8.9 billion – $9.1 billion.

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