Alibaba Group Holding (NYSE:BABA) reported its fiscal fourth-quarter results on Thursday. The Jack Ma co-founded e-commerce giant reported quarterly revenue growth of 7% year-on-year to $32.58 billion, missing the analyst consensus estimate of $33.08 billion.
It clocked an adjusted earnings per ADS of $1.73, which beat the analyst consensus estimate of $1.48. Adjusted net income rose 22% Y/Y to $4.11 billion.
Also Read: US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs
Segments
Revenue from Taobao and Tmall Group grew by 9% year over year to $13.97 billion. Revenue from Alibaba International Digital Commerce Group increased by 22% year over year to $4.63 billion, driven by the growth of cross-border businesses.
Local Services Group revenue grew by 10% year over year to $2.22 billion, driven by the order growth of Amap and Ele.me …
Full story available on Benzinga.com
Alibaba Group Holding (NYSE:BABA) reported its fiscal fourth-quarter results on Thursday. The Jack Ma co-founded e-commerce giant reported quarterly revenue growth of 7% year-on-year to $32.58 billion, missing the analyst consensus estimate of $33.08 billion.
It clocked an adjusted earnings per ADS of $1.73, which beat the analyst consensus estimate of $1.48. Adjusted net income rose 22% Y/Y to $4.11 billion.
Also Read: US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs
Segments
Revenue from Taobao and Tmall Group grew by 9% year over year to $13.97 billion. Revenue from Alibaba International Digital Commerce Group increased by 22% year over year to $4.63 billion, driven by the growth of cross-border businesses.
Local Services Group revenue grew by 10% year over year to $2.22 billion, driven by the order growth of Amap and Ele.me …
Full story available on Benzinga.com
Alibaba Group Holding (NYSE:BABA) reported its fiscal fourth-quarter results on Thursday. The Jack Ma co-founded e-commerce giant reported quarterly revenue growth of 7% year-on-year to $32.58 billion, missing the analyst consensus estimate of $33.08 billion.
It clocked an adjusted earnings per ADS of $1.73, which beat the analyst consensus estimate of $1.48. Adjusted net income rose 22% Y/Y to $4.11 billion.
Also Read: US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs
Segments
Revenue from Taobao and Tmall Group grew by 9% year over year to $13.97 billion. Revenue from Alibaba International Digital Commerce Group increased by 22% year over year to $4.63 billion, driven by the growth of cross-border businesses.
Local Services Group revenue grew by 10% year over year to $2.22 billion, driven by the order growth of Amap and Ele.me …Full story available on Benzinga.com Read MoreAsia, BABA, Briefs, Earnings, News, Stories That Matter, why it’s moving, Dividends, Top Stories, Tech, BABA, News, Earnings, Asia, Dividends, Top Stories, Tech, Benzinga News
