Top Wall Street Forecasters Revamp Alibaba Expectations Ahead Of Q1 Earnings

Alibaba Group Holding Limited BABA will release earnings results for the first quarter, before the opening bell on Friday, Aug. 29.Analysts expect the Hong Kong-based company to report quarterly earnings at $1.95 per share, down from $2.26 per share in the year-ago period. Alibaba projects to report quarterly revenue at $34.26 billion, compared to $33.47 billion a year earlier, according to data from Benzinga Pro.The company missed analyst estimates for revenue in the fourth quarter, but has beaten estimate ...