Breaking: Alibaba (BABA stock) beats EPS by 5%, misses revenue by 1%, shares drop
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UPGRADEAlibaba (BABA) shares dropped 5.5% to $103.67 after releasing fiscal Q3 earnings that beat on the bottom line but missed on the top line. Adjusted earnings per share of $2.67 was 5% above the $2.54 consensus figure.
Revenue of $38.33 bilion was about $500 million short of the average estimate. Sales rose about 10% YoY. This compares with full-year guidance saying BABA should grow revenue between 20% and 23%.
The company estimated that annual active consumers rose to 1.28 billion, an increase of 43 million compared with the most recent prior quarter.
Alibaba (BABA) shares dropped 5.5% to $103.67 after releasing fiscal Q3 earnings that beat on the bottom line but missed on the top line. Adjusted earnings per share of $2.67 was 5% above the $2.54 consensus figure.
Revenue of $38.33 bilion was about $500 million short of the average estimate. Sales rose about 10% YoY. This compares with full-year guidance saying BABA should grow revenue between 20% and 23%.
The company estimated that annual active consumers rose to 1.28 billion, an increase of 43 million compared with the most recent prior quarter.
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