Sea shares rise on upbeat second-quarter revenue
SE•Shares rise after revenue beats estimates
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Shopee-owner Sea's SE.N shares rise 10.8% to $127.25
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SE reports revenue of $7.79 billion for Q2 ended June 30, beating analysts' average estimate of $7.06 billion, according to data compiled by LSEG
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"Our investments have enabled Shopee and Monee to continue to strengthen our market leadership while improving our user penetration," says CEO Forrest Li
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As of last close, stock down ~10% this year
