Company News: Alibaba (BABA) quarterly earnings miss analysts’ forecasts

Market news

13 May 2021

Company News: Alibaba (BABA) quarterly earnings miss analysts’ forecasts

Alibaba (BABA) reported Q4 FY 2021 earnings of RMB10.32 per share (versus RMB9.20 per share in Q4 FY 2020), missing analysts’ consensus estimate of RMB13.28 per share.

The company’s quarterly revenues amounted to RMB187.395 bln (+63.9% y/y), beating analysts’ consensus estimate of RMB180.669 bln.

The company also issued upside guidance for FY 2022, projecting revenues of RMB930 bln versus analysts’ consensus estimate of RMB925.63 bln.

BABA fell to $211.98 (-3.60%) in pre-market trading.

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