Alibaba (BABA) Misses Q1 EPS by 13c, Beats on Revenue

Alibaba (BABA) PT Raised to $103 at BofA Securities

BofA Securities analyst Joyce Ju raised the price target on Alibaba (NYSE: BABA) to $103.00 (from $99.00) while maintaining a Buy rating.

The analyst comments "FY4Q24 results largely in-line with our est. and consensus, except GAAP Op and Np missing the expectations due to mark-to-market investment loss. Consolidated revs +7% YoY, driven by 4% growth in Taobao Tmall Group (TTG).... More

Citi Comments on Alibaba (BABA)

Citi 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

Morgan Stanley Reiterates Equalweight Rating on Nomura Holdings Inc. (8604:JP) (NMR)

Morgan Stanley analyst Mia Nagasaka reiterated an Equalweight rating and JPY970.00 price target on Nomura Holdings Inc. (8604:JP) (NYSE: NMR).

The analyst comments "Plans to expand resource-light, low-volatility businesses at wholesale division: 1) Over the near term, it will target wholesale pre-tax... More

Alibaba (BABA) stock tumbles after earnings fall short

(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