Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Alibaba (BABA) Approves Cloud Intelligence Group Spin-Off
May 18, 2023 7:09 AM EDTAlibaba (NYSE: BABA) announced:
Our board of directors approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to our shareholders. Prior to the spin-off, we plan to include external strategic investors in Cloud Intelligence Group through private financings. In... More
Alibaba misses revenue estimate, approves cloud unit spinoff
May 18, 2023 7:08 AM EDT(Reuters) - China's Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and said it would list its cloud computing business in the next year.Â
The company has been struggling to attract new users as China's e-commerce sector matures and it grapples with inroads made by new competitors such as PDD Holdings and Douyin, the Chinese version of TikTok that is also owned by ByteDance.
U.S.-listed shares of the Chinese tech giant fell 4.9% to $86.20 in early trading.
Earlier this year, Alibaba announced plans to restructure into six units... More
Alibaba (BABA) Tops Q1 EPS by RMB1.25
May 18, 2023 7:07 AM EDTAlibaba (NYSE: BABA) reported Q1 EPS of RMB10.71, RMB1.25 better than the analyst estimate of RMB9.46. Revenue for the quarter came in at RMB208.2 billion versus the consensus estimate of RMB209.02 billion.
For earnings history and earnings-related data on Alibaba (BABA) click here.
... MoreStocks expected to have increasing option volume
May 18, 2023 4:25 AM EDTStocks expected to have increasing option volume: CSCO WMT AMAT FL GOOS NEWR BABA BBWI TEVA ITW SNOW TTWO DE
... MoreStock market today: Dow rallies 400 points on debt ceiling deal optimism
May 17, 2023 4:22 PM EDTInvesting.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.
At 16:01 ET, the Dow Jones Industrial Average closed up 409 points or 1.2%, while the S&P 500 was up 1.2% and the NASDAQ Composite was up 1.3%.
The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly... More
Walmart reports, Alibaba earnings, Applied Materials: 3 things to watch
May 17, 2023 4:22 PM EDTInvesting.com -- Stocks surged on Wednesday amid hopes that Congress will hammer out a deal on raising the debt ceiling, allowing the U.S. to avoid the possibility of defaulting on its obligations.
Lawmakers were still busy on the details after a meeting at the White House on Tuesday, though they could reach an agreement in the next few days.
... MorePopular stocks increasing volume: BABA PLTR BAC AMC PYPL DIS AI HZNP UPST CCL SCHW
May 17, 2023 3:21 PM EDTPopular stocks increasing volume: BABA PLTR BAC AMC PYPL DIS AI HZNP UPST CCL SCHW
... More