Workflow
Could Alibaba Stock Help You Become a Millionaire?
BABABABA(BABA) The Motley Fool·2024-02-10 13:15

Alibaba's (BABA 1.75%) stock price sank 6% on Feb. 7 after the Chinese e-commerce and cloud leader posted its latest earnings report. For the third quarter of fiscal 2024, which ended on Dec. 31, its revenue rose 5% year over year to 260.35 billion yuan ($36.67 billion) and beat analysts' estimates by $270 million. Its adjusted earnings per ADS dipped 2% to $2.67 but cleared the consensus forecast by $0.03 per share.Alibaba's headline numbers weren't disastrous, but it's still struggling to revive its core ...