Alibaba (BABA) Tops Q2 EPS by 10c; Mobile MAUs Rose ~5.9% Sequentially
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Brean Capital Reiterates Buy on Alibaba (BABA) Following Earnings Report
November 3, 2016 9:48 AM EDTBrean Capital reiterated a Buy rating and $115.00 price target on Alibaba (NYSE: BABA) following the company's 2Q earnings report. Revenue came in at RMB 34.3bn (+55% YoY), exceeding consensus estimates of RMB 33.9bn. Adjusted EPS came in at $0.79, exceeding consensus of $0.69 by 10 cents on operating leverage from higher core commerce... More
Alibaba (BABA) PT Raised to $110 at Baird
November 3, 2016 7:31 AM EDTBaird analyst Colin Sebastian reiterated an Outperform rating and raised his price target on Alibaba (NYSE: BABA) to $110.00 (from $104.00).
Sebastian commented, "F2Q17 reported solid results with revenues slightly missing our expectations (core commerce deceleration) but a nice EBITDA beat. While still... More
After spinoff, Yum China confident about growth, sees reversals along way
November 2, 2016 6:33 AM EDT(This Nov. 2 story corrects headline and first paragraph to reflect accurate context of CEO's comments)
By Adam Jourdan
SHANGHAI (Reuters) - Yum China Holdings (NYSE: YUMC), newly hived off from its fast food giant parent, is targeting annual high single-digit revenue growth, but the gains wont be in a straight line and investors should be prepared for reversals along the way, its CEO Micky Pant told Reuters.
The firm, which debuted on the New York stock exchange on Tuesday, has seen China revenues at its KFC, Pizza Hut and other... More
