Sea Bets Shopee Can Hit $1 Billion in Profit As E-Commerce Growth Roars
Sea (NYSE: SE) stock jumps on 48% Q2 revenue growth to $7.79B, beating estimates and raising Shopee's full-year profit outlook.
Sea's online shopping business made way more money than people expected, so leaders think it could earn $1 billion in profit soon. When a company beats its goals and feels confident about the future, that's usually a sign things are going well.
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