Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BABA-W Opens 6.4% Lower as 3FQ Results Way Worse than Forecast
Recommend 18 Positive 28 Negative 24 |
||||
|
||||
|
BABA-W (09988.HK) reported a 67% slump in non-GAAP net profit for 3FQ, way worse than expectations. Overnight, Alibaba's (BABA.US) US ADRs closed down 7.1%. The H shares opened 6.4% lower this morning, at HKD123.5. The trading volume was 11.123 million shares, involving HKD1.397 billion. BABA-W had earlier announced its financial results for the third fiscal quarter, with revenue of RMB284.843 billion, up 1.7% YoY, which was below the forecast of 15 brokers ranging from RMB285.459 billion to RMB295 billion as compiled by our website, with a median of RMB289.302 billion. The net income attributable to ordinary shareholders was RMB16.322 billion, down 66.7% YoY. The non-GAAP net income was RMB16.71 billion, down 67.3% YoY, which was below the forecast of 8 brokers ranging from RMB25.099 billion to RMB31.858 billion as compiled by our website, with a median of RMB28.936 billion. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
