Alibaba misses revenue estimate, approves cloud unit spinoff

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Go back to Alibaba misses revenue estimate, approves cloud unit spinoff

Alibaba (BABA) plan is a 'positive catalyst' for the stock over the next 18 months - Benchmark

May 19, 2023 11:55 AM EDT

Alibaba's (NYSE: BABA) plan is "a positive catalyst" for the stock in the next six to 18 months, according to Benchmark analyst Fawne Jiang on Friday.

Along with its earnings, BABA announced a capital management plan while it also revealed upcoming events,... More

Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off

May 18, 2023 7:52 AM EDT

Alibaba (NYSE: BABA) topped first-quarter earnings estimates but missed revenue expectations on Thursday.

The Chinese technology giant reported Q1 EPS of RMB10.71, RMB1.25 better than the analyst estimate of RMB9.46. However, revenue of RMB208.2 billion in the quarter, which rose 2% YoY, was below the consensus estimate of RMB209.02... More