SI
SI
discoversearch

Technology Stocks : Alibaba Group Holding Limited
BABA 174.64-2.6%5:05 PM ESTNews

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen5/18/2017 9:17:43 AM
   of 542
 
A miss on the EPS:

Alibaba's quarterly revenue beats estimates

Reuters
May 18, 2017


Alibaba reported fourth-quarter revenue above analysts' expectations on Thursday, helped by strength in the Chinese e-commerce market.

China's top e-commerce firm also announced a two-year share repurchase program of up to $6 billion.

Alibaba's total revenue rose about 60 percent to 38.58 billion yuan ($5.60 billion) in the quarter ended March 31, versus an average forecast of 36 billion yuan according to Thomson Reuters.

Net income attributable to shareholders rose to 10.65 billion yuan, or 60 cents per share, from 5.37 billion yuan in the year-earlier quarter.


Revenue from the firm's core e-commerce business unit increased 47 percent to 31.57 billion yuan, above the previous quarter's 45 percent rise.

cnbc.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.