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Stock impact report

China's E-Commerce Wars Are Crushing Alibaba's Profits [Yahoo! Finance]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
e-commerce giant co-founded by Jack Ma reported revenue and earnings that missed analyst expectations. The company posted quarterly revenue of $40.73 billion, up 2% year-over-year, missing the analyst consensus estimate of $41.26 billion. On a like-for-like basis, excluding revenue from the divested Sun Art and Intime businesses, Alibaba's revenue would have grown 9% Y/Y. The adjusted earnings per American Depositary Share (ADS) came in at $1.01, missing the analyst consensus estimate of $1.73. Don't Miss: This AI Helps Fortune 1000 Brands Avoid Costly Ad Mistakes — See Why Investors Are Paying Attention Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue Adjusted net income declined 67% to $2.39 billion, while adjusted EBITA slipped 57% Y/Y to $3.35 billion, reflecting investments in Taobao Instant Commerce and enhancements to user experiences and technology. Net income, however, fell 66% Y/Y, primarily attributable to the decrease in income Show less Read more
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