Alibaba (BABA) Tops Q2 EPS by 17c
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October 27, 2015 4:09 PM EDT
RBC Capital reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $95.00 (from $80.00), following the company's 2Q16 earnings results. Non-GAAP EPS of 3.63 RMB beat Street estimates of 3.43 RMB. Revenue of 22.2B RMB beat Street views of 21.3B RMB.
Analyst... More
October 27, 2015 10:14 AM EDT
Summit Research analyst Henry Guo reiterated a Buy rating and boosted his price target on Alibaba (NYSE: BABA) to $92.00 (from $81.00) following strong September quarter results with revenue 4% above the Street and beating consensus on the bottom-line by three cents, despite aggressive... More
October 27, 2015 6:52 AM EDT
Yahoo! (NASDAQ: YHOO) is trading up 4.8% following strong quarterly results from Alibaba (NYSE: BABA) this morning. Shares of BABA are up 8%.
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October 27, 2015 6:34 AM EDT
(Reuters) - China's Alibaba Group Holding Ltd (NYSE: BABA) is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth, as mobile shopping grows.
The company wrung out higher-than-expected revenue growth of 32 percent year-on-year, even as gross merchandise volume (GMV), the total value of goods transacted across its platforms, sank to its slowest annual growth rate in more than three years.
Alibaba's U.S.-listed shares closed about 4 percent higher on Tuesday, after rising as much as 8.4 percent during market hours.
The group now faces a... More
