Company News: Alibaba (BABA) quarterly results beat analysts’ estimates

Market news

15 May 2019

Company News: Alibaba (BABA) quarterly results beat analysts’ estimates

Alibaba (BABA) reported Q4 FY 2019 earnings of RMB 8.57 per share (versus RMB 5.73 in Q4 FY 2018), beating analysts’ consensus of RMB 6.50.

The company’s quarterly revenues amounted to RMB 93.498 bln (+51.0% y/y), beating analysts’ consensus estimate of RMB 91.685 bln.

The company also issued in-line guidance for FY 2020, projecting revenues of over RMB500 bln vs. analysts’ consensus estimate of RMB508.86 bln.

BABA rose to $177.54 (+1.54%) in pre-market trading.

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