Alibaba shares pop after earnings beat thanks to e-commerce, cloud as analysts see a big rally ahead. Also, revenues came in above the Zacks Consensus Estimate of US$7.78 billion.The increase was driven by continued revenue growth in the China and International commerce retail business and strong improvement in Alibaba’s cloud business.Starting first-quarter fiscal 2017, Alibaba commenced segment reporting. And now there’s ONE new stock that could see gains of 357.53% even this week. All rights reserved. Delayed quotes by Sungard.NYSE and AMEX data is at least 20 minutes delayed.
Other services include big data analytics, a machine learning platform, the Internet of Things, and more. It was the company's second highest year-over-year (
View our full suite of financial calendars and market data tables, all for free.Receive a free world-class investing education from MarketBeat. Despite crashing on fears of the spread of COVID-19, Alibaba's stock has rebounded and is currently outperforming the broader market.
Alibaba Group (BABA), the Chinese technology company, beat analyst estimates today when it reported its second-quarter earnings results for fiscal 2020. Alibaba's gross merchandise volume broke $1 trillion as more merchants came online to use its digital sales platforms in the face of the coronavirus lockdown. When Alibaba released its Q2 earnings report in November 2019, investors cheered. Alibaba Group has generated $6.03 earnings per share over the last year and currently has a price-to-earnings ratio of 31.1. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $8.61. In comparison, Amazon Today’s earnings beat had a positive effect on Alibaba stock in the US. NASDAQ data is at least 15 minutes delayed.This site is protected by reCAPTCHA and the Google Alibaba Group Holding Limited (BABA) - free report >>
The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.
Adjusted net income is forecast to fall 23.2% YOY, marking the first decline in at least 16 quarters.
Alibaba Beats on Q2 Earnings, Trims 2019 Revenue Outlook Amid 'Fluid' Conditions. The firm had revenue of $114.31 billion for the quarter, compared to the consensus estimate of $108.31 billion. Alibaba Group will be holding an earnings conference call on Thursday, August 20th at 12:00 AM Eastern. The dark blue line represents the company's actual earnings per share. Alibaba’s (NYSE: BABA) earnings report for its fiscal second quarter of the year includes revenue of $12.39 billion.
This is a 54% increase over the … © 2020 Market data provided is at least 10-minutes delayed and hosted by Alibaba reported a total of 711 million annual active users for Q3 FY 2020, marking a rise of 11.8% compared to the same quarter a year earlier. They include cloud database and network virtualization, elastic computing, security management. It has four reportable segments — Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives. The bill was passed in the wake of a scandal in which Nasdaq-listed Chinese firm Luckin Coffee, turned out to have been fabricating its sales numbers. Alibaba Group Holding Limited Q2 2020 Earnings Call Nov 1, 2019, 7:30 a.m.
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