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14.05.2024
Company news: Alibaba (BABA) quarterly earnings miss analysts’ estimates
Alibaba (BABA) reported Q4 FY2024 earnings of RMB10.14 per share (versus RMB10.71 per share in Q4 FY2023), missing analysts’ consensus estimate of RMB10.27 per share.
The company’s quarterly revenues amounted to RMB221.874 bln (+6.6% y/y), beating analysts’ consensus estimate of RMB 220.297 bln.
BABA fell to $79.64 (-5.86%) in pre-market trading.
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