Company news: Alibaba (BABA) posts mixed quarterly results

Alibaba (BABA) reported Q3 FY2024 earnings of RMB15.06 per share (versus RMB15.63 per share in Q3 FY2023), beating analysts’ consensus estimate of RMB14.82 per share.

The company’s quarterly revenues amounted to RMB236.503 bln (+5.2% y/y), missing analysts’ consensus estimate of RMB239.454 bln.

BABA rose to $93.47 (+3.19%) in pre-market trading.