Notizie economiche
26.05.2022

Company news: Alibaba (BABA) quarterly results beat analysts’ expectations

Alibaba (BABA) reported Q4 FY 2022 earnings of RMB7.95 per share (versus RMB10.32 per share in Q4 FY 2021), beating analysts’ consensus estimate of RMB7.17 per share.

The company’s quarterly revenues amounted to RMB204.052 bln (+8.9% y/y), beating analysts’ consensus estimate of RMB199.430 bln.

BABA rose to $86.12 (+4.63%) in pre-market trading.

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