Alibaba (BABA) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
BABA(BABA) Zacks Investment Research·2024-05-15 17:26Alibaba Group Holding Limited (BABA) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.40 per ADS (RMB 10.14), which beat the Zacks Consensus Estimate by 12.9%. The figure decreased 5% from the year-ago quarter’s reported number in RMB terms.Revenues of RMB 221.87 billion ($30.73 billion) rose 7% from the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $30.59 billion.The top-line increase was driven by solid momentum across the international commerce retail and wholesale bus ...