These Analysts Cut Their Forecasts On Alibaba After Q4 Results

Alibaba Group Holding BABA reported downbeat sales for its fiscal fourth quarter on Thursday.The Jack Ma co-founded e-commerce giant reported quarterly revenue growth of 7% year-on-year to $32.58 billion, missing the analyst consensus estimate of $33.08 billion. It clocked an adjusted earnings per ADS of $1.73, which beat the analyst consensus estimate of $1.48. Adjusted net income rose 22% Y/Y to $4.11 billion.International commerce retail business revenue grew by 24% to $3.80 billion, primarily driven by ...