$Sea (SE.US)$ rose nearly 10% intraday Tuesday after the Asian e-commerce giant beat analyst estimates for 2Q revenue, even though the company missed forecasts for overall earnings.
SE gained as much as 9.6% to a $73.36 intraday high after reporting quarterly sales of $3.807 billion, which beat the analyst consensus estimate of $3.724 billion by 2.2%. That also represented a 23% gain over the $3.096 billion in sales that Sea recorded in the same period last year.
The sales beat overshadowed the company's report of $0.14 in earnings per share, which missed analysts' consensus estimate of $0.15 by 6.7%:
