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Why Sea Limited Stock Was Falling This Week

Shares of Sea Limited (NYSE: SE) are down 24% for the week as of 11:39 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Perhaps more disappointing for investors was the company's decision to suspend its forward guidance considering weakening economic conditions. Sea was a huge beneficiary of the stay-at-home environment during the pandemic, but like Amazon, Etsy, and other leading e-commerce stocks, Sea has suffered from decelerating revenue growth as consumers return to in-store shopping. Read More...

Motley Fool

Why StoneCo Stock Fell Hard Today

Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street’s consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo’s revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company’s guidance, and up 275% from the year-ago quarter.

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