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0.000430825569497617 0.000430825569497617 -0.0018310086703646 -0.0081318326242662 -0.00148096289514786 -0.0363509074263558 -0.0499757660617158 -0.0471387796865744
Stock impact report

Alibaba revenue beats on strength in e-commerce, cloud businesses [MSN Money]

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: MSN Money
© REUTERS/Aly Song/File Photo FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in Hangzhou Alibaba Group Holding Ltd (BABA.N), the world's biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business. Load Error Alibaba's U.S.-listed shares rose about 3 percent in premarket trade. The company's revenue rose 61 percent to 80.9 billion yuan ($11.77 billion) in the April-June period, compared with the average analyst estimate of 80.7 billion yuan, according to Thomson Reuters I/B/E/S. Net income attributable to shareholders, however, fell 41 percent to 8.7 billion yuan, or 3.3 yuan per share, due to one-off costs related to share-based compensation for Ant Financials' recent fundraising. While revenue growth has accelerated since Alibaba's 2014 stock exchange listing, aggressive investment in offline retail, logistics and cloud computing has squeezed profit margins. E Show less Read more
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