Alibaba Group Announces March Quarter and Full Fiscal Year 2022 Results
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May 27, 2022 6:27 AM EDT
Goldman Sachs analyst Ronald Keung lowered the price target on Alibaba (NYSE: BABA) to $158.00 (from $185.00) while maintaining a Buy rating following earnings.
trim revenue forecasts in FY23E/24E/25E by 4%/6%/7%, with the majority of revenue cut on Cloud...
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May 26, 2022 10:08 AM EDT
Alibaba (NYSE: BABA) now up 11% following strong results.
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May 26, 2022 7:35 AM EDT
Shares of Alibaba (NYSE: BABA) jumped 3% in pre-open trading Thursday following a strong beat on the top and bottom line in the fourth quarter driven by strong eCommerce and cloud services demand as COVID lock-downs gripped parts of China.
Revenue grew 9% year-over-year in the... More
May 26, 2022 7:03 AM EDT
Alibaba (NYSE: BABA) reported Q4 EPS of $1.25, $0.15 better than the analyst estimate of $1.10. Revenue for the quarter came in at $32.19 billion versus the consensus estimate of $29.64 billion.
Alibaba delivered on the goal of serving one billion annual active consumers in China this past quarter and achieved a record RMB 8,317... More
