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Alibaba Tops Revenue Estimates, but Shares Fall. Is This a Great Opportunity to Buy the Stock?
BABABABA(BABA) The Motley Fool·2024-05-18 12:45

The company showed some signs of improvement in the quarter.Shares of Alibaba (BABA 2.12%) fell following mixed fiscal fourth-quarter earnings results that saw the Chinese e-commerce giant handily top analyst revenue estimates. The stock has had a difficult past five years, with its shares cut in half over that period. Let's look at the company's most recent results and see if a turnaround could be in the cards.Solid revenue growthFourth-quarter revenue rose 7% to $30.7 billion, which topped analyst estimat ...