US Stock Market Move | Q3 revenue beats expectations; Southeast Asian e-commerce giant Sea (SE.US) rises nearly 8% in early trading

On Tuesday, Southeast Asian e-commerce giant Sea (SE.US) rose nearly 8% in early trading and is now at $83.84. On the news front, the company reported third-quarter results; although revenue beat expectations, profit came in below expectations. Third-quarter adjusted earnings per share were $0.78, $0.21 below the analyst consensus of $0.99. Revenue reached $8.6 billion, exceeding analysts' expectation of $8.1 billion and up 43.4% year over year from $6 billion in the same period last year. Net profit rose 34.0% year over year to $502.5 million. "Forrest Li, Chairman and Chief Executive Officer of Sea, said, 'The strong momentum from the first half continued into the third quarter. We are pleased with this solid performance and will continue to focus on disciplined execution of our priorities.'"