Alibaba (BABA) Q4 Results Squash Fears, Goldman Sachs Upgrades to Buy
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MKM Partners Affirms Alibaba (BABA) at 'Buy' Following Q1 Results; Sees as 'Must-Own' Stock
May 12, 2015 12:16 PM EDTMKM Partners maintains a Buy rating on Alibaba (NYSE: BABA), with a price target of $115 following solid March quarter results. Monthly mobile users grew 77% to 289mn. This is equal to the entire Internet user population in the U.S. BABA reported non-GAAP EPS of... More
Alibaba (BABA) Tops Q4 EPS by 5c; Appoints New CEO
May 7, 2015 7:01 AM EDTAlibaba (NYSE: BABA) reported Q4 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.78 billion.
Alibaba had a strong quarter with significant growth across our key operating metrics, said Jonathan Lu, Chief Executive Officer of Alibaba Group. We grew revenue, gross merchandise volume and annual active buyers, and we expanded our unrivaled leadership position in mobile. Lu continued, GMV across our China retail marketplaces grew 40% year-on-year, and our annual active buyers increased to 350 million, an increase of 37% year-on-year. We extended our strong leadership... More
