Breaking: Alibaba (BABA) reports Q1 results Revenue, EPS beat estimates

Ivan Brian FXStreet

Alibaba (BABA) reported first quarter 2021 results before the open on Thursday. Revenue for the quarter was 187.395 billion yuan, an increase of 64% and ahead of the forecasted 180.41 billion yuan. The quarterly net loss was 7.6 billion yuan due to a fine from the Chinese regulator. Earnings per share (EPS) were $1.88 ahead of the $1.78 estimate.

Mobile monthly average users were 925 million, up 23 million from December.

BABA stock forecast

BABA shares are trading at $219 in premarket trading on Thursday, a loss of 0.4%.

At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Errors and omissions excepted.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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