Alibaba (BABA) Surpasses Q3 Earnings & Revenue Estimates
Alibaba Group Holding Limited BABA reported third-quarter fiscal 2020 (ended Dec 31, 2019) earnings of $2.61 per ADS, surpassing the Zacks Consensus Estimate by 16%. Also, the bottom line increased 49% year over year.
It reported revenues of RMB161.5 billion (US$23.19 billion), up 38% from the prior-year quarter. The year-over-year revenue increase was driven by strength in the company’s China commerce retail business and cloud computing.
Also, revenues surpassed the Zacks Consensus Estimate of US$22.68 billion.
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https://finance.yahoo.com/news/alibaba-b...01138.html
Alibaba Group Holding Limited BABA reported third-quarter fiscal 2020 (ended Dec 31, 2019) earnings of $2.61 per ADS, surpassing the Zacks Consensus Estimate by 16%. Also, the bottom line increased 49% year over year.
It reported revenues of RMB161.5 billion (US$23.19 billion), up 38% from the prior-year quarter. The year-over-year revenue increase was driven by strength in the company’s China commerce retail business and cloud computing.
Also, revenues surpassed the Zacks Consensus Estimate of US$22.68 billion.
...
https://finance.yahoo.com/news/alibaba-b...01138.html
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