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

Market news

2 February 2021

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

Alibaba (BABA) reported Q3 FY 2021 earnings of RMB22.03 per share (versus RMB18.19 per share in Q3 FY 2020), beating analysts’ consensus estimate of RMB20.94 per share.

The company’s quarterly revenues amounted to RMB221.084 bln (+36.9% y/y), beating analysts’ consensus estimate of RMB214.393 bln.

BABA fell to $263.40 (-0.49%) in pre-market trading.

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