Alibaba (BABA) misses on fiscal Q2 EPS, revenue

Clay Webster FXStreet

Alibaba (BABA) missed both of Wall Streets' consensus earnings and revenue forecasts for the fiscal Q2 quarter. The ecommerce giant reported non-GAAP earnings per share (EPS) of $1.74, missing the estimate of $1.93, and revenue of $31.15 billion, which missed the $32.05 billion estimate.

BABA stock is down 3.5% to $156 in Thursday's premarket. The company's stock has fallen around 50% in the past year due to regulatory scrutiny from the Chinese government.

More Excited about $BABA results than my university results
— TastyLaksa (@LaksaTasty) November 18, 2021

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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