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Sea Ltd. Stock Jumps As E-Commerce Growth Fuels Better-Than-Expected Q1 Revenue

Sea Ltd. Stock Jumps As E-Commerce Growth Fuels Better-Than-Expected Q1 Revenue

Singapore-based internet services company Sea Limited on Tuesday reported better-than-expected sales, helped by its Shopee e-commerce business. Sea stock moved higher Tuesday despite the company posting a wider-than-expected loss. In results published before the market opened, Sea said that it lost 4 cents per share on sales of $3.73 billion for the March-ending quarter.