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

Market news

15 August 2019

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

Alibaba (BABA) reported Q1 FY 2020 earnings of RMB 12.55 per share (versus RMB 1.01 in Q1 FY 2019), beating analysts’ consensus estimate of RMB 10.46.

The company’s quarterly revenues amounted to RMB 114.924 bln (+42.0% y/y), beating analysts’ consensus estimate of RMB 111.654 bln.

BABA rose to $167.40 (+3.30%) in pre-market trading.

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