Alibaba Group Fiscal Q3 Non-GAAP Earnings, Revenue Increase

MT Newswires Live
20 Feb

Alibaba Group (BABA) reported fiscal Q3 non-GAAP earnings Thursday of 21.39 Chinese renminbi ($2.93) per diluted American depositary share, up from 18.97 renminbi a year earlier.

Analysts polled by FactSet expected 19.47 renminbi.

Revenue for the quarter ended Dec. 31 was 280.15 billion renminbi, up from 260.35 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 278.49 billion renminbi.

Alibaba rose more than 4% in recent Thursday premarket activity.

Price: 131.79, Change: +6.17, Percent Change: +4.91

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