Breaking: Alibaba (BABA) reports Q1 2021 earnings, EPS beats, revenue misses, increases buyback
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UNLOCK OFFERAlibaba (BABA) reported Q1 2021 earnings before the market opened on Tuesday. BABA reported earnings per share (EPS) of $2.57 versus the average Wall Street analyst estimate of $2.24.
Revenue came in 34% higher at $31.85 versus the average estimate of $32.5 billion.
Alibaba has also increased its buyback program by 50% from $10 billion to $15 billion.
Alibaba (BABA) stock forecast
Alibaba (BABA) shares are trading at $198.49 in Tuesday's premarket, a change of -0.8%. BABA stock closed at $200.09 in Monday's regular session.
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Alibaba (BABA) reported Q1 2021 earnings before the market opened on Tuesday. BABA reported earnings per share (EPS) of $2.57 versus the average Wall Street analyst estimate of $2.24.
Revenue came in 34% higher at $31.85 versus the average estimate of $32.5 billion.
Alibaba has also increased its buyback program by 50% from $10 billion to $15 billion.
Alibaba (BABA) stock forecast
Alibaba (BABA) shares are trading at $198.49 in Tuesday's premarket, a change of -0.8%. BABA stock closed at $200.09 in Monday's regular session.
Like this article? Help us with some feedback by answering this survey:
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