Sea (Southeast US) Q3 profits doubled but were dumped, while Wall Street big banks still all endorse it.
As reported by the Securities Times app, Sea (SE.US) recently released its third-quarter financial report, and its performance has been widely recognized by analysts. The Singapore-based company saw a revenue growth of 38% and a doubling of net profit. However, due to the performance not meeting the market's average expectations, the stock plummeted 9% after the financial report was released. Nevertheless, several Wall Street major banks still have confidence in the company.
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