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

Market news

1 November 2019

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

Alibaba (BABA) reported Q2 FY 2019 earnings of RMB13.10 per share (versus RMB9.60 in Q2 FY 2018), beating analysts’ consensus estimate of RMB10.68.

The company’s quarterly revenues amounted to RMB119.017 bln (+39.8% y/y), beating analysts’ consensus estimate of RMB116.512 bln.

BABA rose to $179.38 (+1.53%) in pre-market trading.

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