Alibaba Group Announces June Quarter 2020 Results
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Needham & Company Reiterates Buy Rating on Alibaba (BABA)
August 21, 2020 7:40 AM EDTNeedham & Company analyst Vincent Yu reiterated a Buy rating and $275.00 price target on Alibaba (NYSE: BABA) following the company's June 2020 quarter. BABA reported better-than-expected results with a top line beat driven by the rebound in domestic consumer spending and cross-border business.
International commerce revenue... More
Alibaba (BABA) Tops Q1 EPS by 12c, Revenue Rises 34%
August 20, 2020 6:38 AM EDTAlibaba (NYSE: BABA) reported Q1 EPS of $2.10, $0.12 better than the analyst estimate of $1.98. Revenue for the quarter came in at $21.76 billion versus the consensus estimate of $21.28 billion.
HIGHLIGHTS:
Revenue was RMB153,751 million (US$21,762 million), an increase of 34% year-over-year.Annual active consumers on our China retail marketplaces reached 742 million, an increase of 16 million from the 12-month period ended March 31, 2020.Mobile MAUs on our China retail marketplaces reached 874 million in June 2020, an increase of 28 million over March 2020.Income from operations was RMB34,705 million (US$4,912 million), an increase of 42% year-over-year. Adjusted... More