Alibaba (BABA) May 79 straddle priced into quarter results
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Citi Comments on Alibaba (BABA)
May 14, 2024 8:26 AM EDTCiti Comments on Alibaba (NYSE: BABA).
The analyst comments "Ali reported inline FY4Q24 result with total revs of Rmb221.9bn, +7% y/y, 0.7% above our estimate of Rmb220.4bn and 0.9% above consensus of Rmb219.8bn. China retail revs +3% yoy to Rmb88.3bn, with... More
Alibaba (BABA) stock tumbles after earnings fall short
May 14, 2024 6:46 AM EDT(Updated - May 14, 2024 9:58 AM EDT)
Alibaba (NYSE: BABA) reported its financial results for the first quarter ended March 31, 2024. Earnings fell short of analyst expectations, sending its stock more than 6% lower on Tuesday.
The Chinese e-commerce giant posted an adjusted earnings per share (EPS) of RMB10.14 (US$1.40), which was RMB0.13 below the analyst estimate of RMB10.27. Despite this miss, the company's revenue saw a 7% increase to RMB221.87 billion (US$30,729 million), slightly above the consensus estimate of RMB220.32 billion.
Alibaba's CEO Eddie Wu attributed the quarter's performance to the company's strategic... More
Alibaba (BABA) PT Lowered to $99 at BofA Securities
May 13, 2024 5:39 AM EDTBofA Securities analyst Joyce Ju lowered the price target on Alibaba (NYSE: BABA) to $99.00 (from $107.00) while maintaining a Buy rating.
The analyst comments "We estimate BABA 4QFY24 total revs of RMB220.7b, up 6% YoY, accelerating from last quarters 5% YoY primarily due to an accelerated Taobao Tmall (TT) revs as co. continues to execute its price competitiveness and user experiences centric strategies in traffic allocation and service upgrade. We now forecast domestic... More
