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

Market news

5 November 2020

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

Alibaba (BABA) reported Q2 FY 2021 earnings of RMB17.97 per share (versus RMB13.10 per share in Q2 FY 2020), beating analysts’ consensus estimate of RMB13.75 per share.

The company’s quarterly revenues amounted to RMB155.059 bln (+30.3% y/y), roughly in line with analysts’ consensus estimate of RMB155.001 bln.

BABA fell to $291.59 (-1.39%) in pre-market trading.

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