Sea Ltd's Q2 Earnings: Focus on Profitability Amidst Growth Signals
Singapore-based tech firm Sea Limited is set to report its Q2 earnings, with investors focusing on its profitability. Analysts expect Sea to post an EPS of $0.71 and revenue to rise over 10% to $3.25 billion. The company's gaming unit is under pressure as demand for videogames tapers off, with revenue declining over 50% in the previous quarter. However, growth in its e-commerce and digital financial services segment is expected to be a catalyst. Sea has beaten EPS and revenue estimates in the past, and the stock has gained over 6% this year.