Alibaba Group Announces December Quarter 2019 Results
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February 14, 2020 7:06 AM EST
DBS Group initiates coverage on Alibaba (9988:HK) (NYSE: BABA) with a Buy rating.
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February 13, 2020 5:16 PM EST
Raymond James analyst Aaron Kessler raised the price target on Alibaba (NYSE: BABA) to a 'Street High' $310.00 (from $280.00) while maintaining a Strong Buy rating following strong December results.
The analyst commented, "We maintain our Strong Buy rating and increase our price target to $310... More
February 13, 2020 6:46 AM EST
Alibaba (NYSE: BABA) reported Q3 EPS of $2.61, $0.39 better than the analyst estimate of $2.22. Revenue for the quarter came in at $23.2 billion versus the consensus estimate of $22.46 billion.
Revenue was RMB161,456 million (US$23,192 million), an increase of 38% year-over-year.Annual active consumers on our China retail marketplaces reached 711 million, an increase of 18 million from the 12-month period ended September 30, 2019.Mobile MAUs on our China retail marketplaces reached 824 million in December 2019, an increase of 39 million over September 2019.Income from operations was RMB39,560 million (US$5,682 million), an increase of 48% year-over-year. Adjusted EBITDA, a non-GAAP measurement,...
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