Alibaba Group Holding Limited (NYSE: BABA) is scheduled to report fiscal second quarter financial results before markets open on Wednesday. Around this time two years ago, this company was the hottest thing on the planet and getting ready to come public. Since that time Alibaba has faced some tough times but 2016 appears to be Alibaba’s year with earnings just around the corner.
The consensus estimates from Thomson Reuters are calling for $0.69 in earnings per share (EPS) and $5.03 billion in revenue. The same period from last year had $3.63 in EPS and $22.17 billion in revenue.
Goldman Sachs analyst Piyush...