Let’s Talk about Alibaba (NYSE:BABA) Stock
August 25 2022 - 11:31AM
TipRanks
Despite reporting unimpressive results for the fiscal first
quarter, shares of Alibaba Group Holding Ltd. (NYSE:BABA) have been
on the upswing lately. BABA stock lost up to 7.8% in the days
following the release of the results. The stock rebounded and
closed in the green on Wednesday. Further, it was trading almost 7%
up at the time of writing, on Thursday. In the first quarter, the
Chinese E-commerce giant reported a 29% year-over-year decline in
adjusted earnings per ADS to RMB11.73. Income from operations fell
19% to RMB24.943 billion, and adjusted EBITDA decreased 18% to
RMB34.419 billion. Revenues remained flat year-over-year at
RMB205.555 billion.
https://www.tipranks.com/news/article/lets-talk-about-alibaba-nysebaba-stock?utm_source=advfn.com&utm_medium=referral
Alibaba (NYSE:BABA)
Historical Stock Chart
From Dec 2022 to Jan 2023
Alibaba (NYSE:BABA)
Historical Stock Chart
From Jan 2022 to Jan 2023