The company earned $2.30 per share, or $1.05 billion, for the three-month period ended Jan. 31. That compares with $2.41 per share, or $1.10 billion, during the year-ago period. Adjusted earnings per share for the most recent quarter was $2.44.
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Revenue at Shopee, Sea’s e-commerce division, grew by 35.8% last quarter, yet the division’s cost of revenue rose by 43.2% over the same period; Sea blamed “an increase in logistics costs as orders volume grew.”
Again, pre-orders for the displays start on March 4 ahead of broader availability on March 11.