These Analysts Boost Their Forecasts On Alibaba Following Q1 Results

Alibaba Group Holding BABA posted better-than-expected revenue for the first quarter on Friday.The company posted quarterly revenue of $34.57 billion, up 2% year-over-year, surpassing the consensus estimate of $34.26 billion. On a like-for-like basis, excluding revenue from the divested Sun Art and Intime businesses, Alibaba’s revenue would have grown 10% year-over-year.Despite the top-line beat, adjusted earnings per American Depositary Share (ADS) came in at $2.06, falling short of the analyst consensus o ...