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

Market news

3 August 2021

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

Alibaba (BABA) reported Q1 FY 2022 earnings of RMB16.60 per share (versus RMB14.82 per share in Q1 FY 2021), beating analysts’ consensus estimate of RMB14.29 per share.

The company’s quarterly revenues amounted to RMB205.740 bln (+33.8% y/y), missing analysts’ consensus estimate of RMB208.673 bln.

BABA rose to $200.50 (+0.20%) in pre-market trading.

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