US stocks surged | Q2 revenue far exceeds expectations, Sea (SE.US) soared nearly 18%

According to the Chinese financial news app, on Tuesday, Sea (SE.US) opened with a nearly 18% surge, reaching a three-year high of $171.12. On the news front, the company's second-quarter sales exceeded analyst expectations, mainly due to the growing trend of Southeast Asian consumers purchasing a variety of goods from iPhones to daily groceries through online channels. Financial report data shows that in the three months leading up to June, Sea's revenue grew by 38% year-on-year to a record $5.26 billion, far exceeding the average analyst estimate of $5 billion. Net profit soared from $79.9 million in the same period last year to $414.2 million, slightly below the analyst's forecast of $444 million.