Actionable news
0
All posts from Actionable news
Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

Why Alibaba Earnings Are a Huge Win

Alibaba Group Holding Ltd. (NYSE: BABA) reported its fiscal first-quarter financial results before the markets opened on Thursday. Overall in this report, the Chinese giant strengthened its competitive positions in core commerce, cloud computing and digital media. Even looking forward, Alibaba has plans to introduce social, community and personalization, driven by smart data, into its e-commerce marketplaces. This report signals continued growth for the company, and coupled with the past six months of performance, Alibaba is up nearly 50%.

The company said that it had $0.74 in earnings per share (EPS) on $4.84 billion in revenue for the quarter. Consensus estimates from Thomson Reuters had called for $0.63 in EPS on revenue of $4.54 billion. According to Alibaba, the same period of...


More