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

Market news

2 November 2018

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

Alibaba (BABA) reported Q2 FY 2019 earnings of $1.11 per share (versus $1.29 in Q2 FY 2018), beating analysts’ consensus estimate of $1.10.

The company’s quarterly revenues amounted to $12.398 bln (+49.6% y/y), generally in line with analysts’ consensus estimate of $12.506 bln.

BABA rose to $159.30 (+5.32%) in pre-market trading.

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