News Formal

Alibaba's stock surges after earnings and revenue rise, beat FactSet expectations

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Alibaba stock surges premarket as retailer reports 50% jump in adjusted profit

Shares of Alibaba Group Holding Ltd. BABA, +2.84% surged 4.2% in active premarket trade Wednesday, after the China-based e-commerce giant reported fiscal fourth-quarter earnings and revenue that rose above expectations. Net income for the quarter to March 31 rose to RMB25.83 billion , or RMB9.84 a share, from RMB7.56 billion, or RMB2.88 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose 50% to RMB8.57 . Revenue rose 51% to RMB93.50 billion .

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Dropbox stock rises after earnings beat consensus estimatesDropbox Inc. stock rose 3.5% in the extended session Thursday, after the company reported first-quarter adjusted earnings and revenue that topped analyst...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Tapestry's stock soars after earnings beat, $1 billion stock repurchase programShares of Tapestry Inc. soared 12% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that... Wow, what great use of $1 billion dollars. The sale & purchase of stock doesn't add anything to GDP numbers.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

McKesson stock up 1.3% after company posts earnings above Wall Street expectationsShares of McKesson Corp. rose 1.3% in premarket trade Wednesday after the company reported fourth-quarter earnings that beat Wall Street expectations, though...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Disney earnings beat, but movie revenue drops ahead of ‘Endgame’ windfallWalt Disney Co. handily beat earnings expectations even after stripping out big gains from an acquisition, but revenue in the core movie and television...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

These 5 tech stocks are taking a beating after earningsDuring a down day for tech stocks, some names across the industry are getting especially crunched after delivering disappointing earnings reports.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Disney rises slightly on earnings beat as Fox deal closesDisney closed its acquisition of Fox's entertainment assets during the quarter and has since unveiled details for its new streaming service.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Alibaba, down 8% this month, could see a big move on earnings, traders sayOptions traders appear to be selling out of their bullish positions in Alibaba ahead of the e-commerce company's earnings report.
Källa: CNBC - 🏆 12. / 72 Läs mer »