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- Company news: Alibaba’s (BABA) quarterly earnings miss analysts’ expectations
Tin tức thị trường
07.02.2024
Company news: Alibaba’s (BABA) quarterly earnings miss analysts’ expectations
Alibaba (BABA) reported Q4 FY2023 earnings of RMB18.97 per share (versus RMB19.26 per share in Q4 FY2022), missing analysts’ consensus estimate of RMB19.12 per share.
The company’s quarterly revenues amounted to RMB260.348 bln (+5.1% y/y), roughly in line with analysts’ consensus estimate of RMB260.264 bln.
The company also announced an increase of $25 billion to its share repurchase program through the end of March 2027.
BABA fell to $77.47 (-0.97%) in pre-market trading.
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