Company News: Alibaba (BABA) quarterly earnings beat analysts’ estimate

Market news

23 August 2018

Company News: Alibaba (BABA) quarterly earnings beat analysts’ estimate

Alibaba (BABA) reported Q1 FY 2019 earnings of $1.22 per share (versus $1.17 in Q1 FY 2019), missing analysts' consensus estimate of $1.24.

The company's quarterly revenues amounted to $12.229 bln (+61.2% y/y), beating analysts' consensus estimate of $12.021 bln.

BABA rose to $183.35 (+3.09%) in pre-market trading.

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