Alibaba stock surges premarket as retailer reports 50% jump in adjusted profit
Shares of Alibaba Group Holding Ltd. BABA, +2.84% surged 4.2% in active premarket trade Wednesday, after the China-based e-commerce giant reported fiscal fourth-quarter earnings and revenue that rose above expectations. Net income for the quarter to March 31 rose to RMB25.83 billion , or RMB9.84 a share, from RMB7.56 billion, or RMB2.88 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS rose 50% to RMB8.57 . Revenue rose 51% to RMB93.50 billion .
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
New York Times' stock rallies after profit, revenue rise above expectationsShares of New York Times Co. rose 1.2% in premarket trade Wednesday, after the media company reported first-quarter earnings and revenue that rose above...
Weiterlesen »
Dropbox stock rises after earnings beat consensus estimatesDropbox Inc. stock rose 3.5% in the extended session Thursday, after the company reported first-quarter adjusted earnings and revenue that topped analyst...
Weiterlesen »
Tapestry's stock soars after earnings beat, $1 billion stock repurchase programShares of Tapestry Inc. soared 12% in premarket trade Thursday after the parent of Coach and Kate Spade brands reported fiscal third-quarter earnings that...
Weiterlesen »
Chesapeake Energy's stock sinks after revenue falls short of expectationsShares of Chesapeake Energy Corp. dropped 6.1% in premarket trade Wednesday, after the oil and natural gas company reported a wider first-quarter loss and...
Weiterlesen »
McKesson stock up 1.3% after company posts earnings above Wall Street expectationsShares of McKesson Corp. rose 1.3% in premarket trade Wednesday after the company reported fourth-quarter earnings that beat Wall Street expectations, though...
Weiterlesen »
Disney earnings beat, but movie revenue drops ahead of ‘Endgame’ windfallWalt Disney Co. handily beat earnings expectations even after stripping out big gains from an acquisition, but revenue in the core movie and television...
Weiterlesen »
These 5 tech stocks are taking a beating after earningsDuring a down day for tech stocks, some names across the industry are getting especially crunched after delivering disappointing earnings reports.
Weiterlesen »
Disney rises slightly on earnings beat as Fox deal closesDisney closed its acquisition of Fox's entertainment assets during the quarter and has since unveiled details for its new streaming service.
Weiterlesen »
Jumia's stock drops after losses widen, revenue rises less than expectedShares of Jumia Technologies AG dropped 7.3% in premarket trade Monday, after the Africa-based e-commerce company reported its first results as a public...
Weiterlesen »
Xilinx forecasts fiscal 2020 revenue above Wall Street expectationsXilinx Inc, a chip supplier whose products are used in 5G networking gear, said ...
Weiterlesen »
Alibaba, down 8% this month, could see a big move on earnings, traders sayOptions traders appear to be selling out of their bullish positions in Alibaba ahead of the e-commerce company's earnings report.
Weiterlesen »