Alibaba (BABA) Misses Q2 EPS by 19c, Revenue Misses

Alibaba (NYSE: BABA) reported Q2 EPS of $1.74, $0.19 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $31.15 billion versus the consensus estimate of $32.05 billion.

Guidance:

The guidance below is a forward-looking statement that reflects assumptions that we believe to be reasonable as of the date of this announcement and involve inherent risks and uncertainties, many of which we are not able to predict or control. Based on our current view of macroeconomic conditions and the competitive landscape, and subject to the uncertainties highlighted under the section entitled “Safe Harbor Statements” below, we are revising our fiscal year 2022 revenue guidance. We expect our fiscal year 2022 revenue to grow 20% to 23% year-over-year.

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

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