Alibaba (BABA) Tops Q3 EPS by 34c, Lowers Guidance

Alibaba (NYSE: BABA) reported Q3 EPS of $1.40, $0.34 better than the analyst estimate of $1.06. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $12.49 billion.

Guidance:

Looking ahead, we are revising our fiscal year 2019 revenue guidance to a range of RMB375 billion to RMB383 billion. The new guidance range reflects a 4% to 6% adjustment to the original revenue guidance. In light of current fluid macro-economic conditions, we have recently decided not to monetize, in the near term, incremental inventory generated from growing users and engagement on our China retail marketplaces. We expect this decision to benefit SMEs on our marketplace platforms.

For earnings history and earnings-related data on Alibaba (BABA) click here.

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