Alibaba ADR earnings miss estimates as revenue tops forecasts

1 min read
Alibaba ADR earnings miss estimates as revenue tops forecasts
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Alibaba ADR posted second-quarter earnings per share of ¥8.52, missing the analyst estimate by ¥2.20, while revenue of ¥268.95 billion edged past the ¥268.34 billion consensus. Shares closed higher on the session but slipped in pre-market trading afterward.

Alibaba ADR reported second-quarter earnings per share of ¥8.52, ¥2.20 short of the ¥10.72 analyst estimate. Revenue told a different story: the company posted ¥268.95 billion, topping the ¥268.34 billion consensus.

The stock closed at ¥128.90, up 0.59% on the session. It then fell 2.25% to ¥126.00 in pre-market trading. Over the past three months the shares are down 0.85%. They remain up 9.15% over the past year.

Alibaba ADR saw five positive EPS revisions and four negative revisions in the last 90 days. According to InvestingPro, the company's financial health score is rated "fair performance".

Source: Investing.com

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