Alibaba (BABA) Q3 Earnings Miss Estimates, Revenues Rise Y/Y
BABA(BABA) Zacks Investment Research·2024-02-09 17:51Alibaba Group Holding Limited (BABA) reported third-quarter fiscal 2024 non-GAAP earnings of $2.67 per ADS (RMB 18.97), which missed the Zacks Consensus Estimate by 2.2%. The figure decreased 2% from the year-ago quarter’s reported figure in RMB terms.Revenues of RMB 260.35 billion ($36.7 billion) rose 5% from the year-ago quarter. However, the top line missed the Zacks Consensus Estimate of $37.2 billion.The top-line increase was driven by solid momentum across the international commerce retail business. S ...