Alibaba's (BABA) Price Target Trimmed at Pacific Crest
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August 13, 2015 9:25 AM EDT
UBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).
Analyst Eric... More
August 12, 2015 7:01 AM EDT
(Updated - August 12, 2015 7:02 AM EDT)
Alibaba (NYSE: BABA) reported Q1 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.39 billion.
Alibaba's Board of Directors has authorized a share repurchase program in an aggregate amount of up to US$4 billion over a period of two years, primarily to offset dilution, for example, from our share-based compensation programs.
GMV GMV transacted on our China retail marketplaces in the quarter ended June 30, 2015 was RMB673 billion (US$109 billion), an increase of 34%... More
