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in Tech

Sea Limited stock jumps as much as 41% as company renews focus on profitability

by Editor November 16, 2022, 9:51 am 1.1k Views

Sea Limited stock jumps as much as 41% as company renews focus on profitability

The Sea Limited logo is displayed on a smartphone screen.

Rafael Henrique | Sopa Images | Lightrocket | Getty Images

Shares of Sea Limited jumped as much as 41% following Tuesday’s announcement of its third-quarter financial results, after the company said it will renew its focus on profitability instead of outright, blistering growth.

In early morning Asia time, the stock was trading at about $62.70 in after hours trade. Its previous close came…

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