South Asian tech company Sea Limited's (SE) stock rose nearly 4% on early trading hours Monday. However, the company has not announced any particular reason attributing to the rise.
On May 18, the company reported a 146% hike in net revenue of $1.8 billion in the first quarter, but the net loss widened 50% to $422 thousand or $0.62 per share. The surge in revenues were offset by a 120% increase in the cost of services, which increased to $1.18 million from $500 thousand last year in the same quarter.
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