Sea Ltd Q4 Loss Decreases, but misses estimates

(RTTNews) - Sea Ltd (SE) announced Loss for its fourth quarter that increased from last year and missed the Street estimates.

The company's earnings came in at -$617.61 million, or -$1.12 per share. This compares with -$523.59 million, or -$1.06 per share, in last year's fourth quarter.

Excluding items, Sea Ltd reported adjusted earnings of -$484.81 million or -$0.88 per share for the period.

Analysts on average had expected the company to earn -$0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 105.1% to $3.22 billion from $1.57 billion last year.

Sea Ltd earnings at a glance (GAAP) :

-Earnings (Q4): -$617.61 Mln. vs. -$523.59 Mln. last year. -EPS (Q4): -$1.12 vs. -$1.06 last year. -Analyst Estimate: -$0.59 -Revenue (Q4): $3.22 Bln vs. $1.57 Bln last year.