Sea shares plunged in Tuesday trading, despite Southeast Asia’s largest tech company reporting double-digit growth in all three of its business divisions for the most recent quarter.
The Singapore-based consumer internet firm reported revenue of $6 billion for the three months ending Sep. 30, up almost 40% year-on-year. Net income also rose by 145% to reach $375 million for the quarter. Yet the surge in profits still fell below analysts’ lofty predictions of $433 million, helping to send shares lower.
