Alibaba earnings

Alibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS. Expectations were low heading into the release.

To my mind, BABA stock is a good value, because the stock is cheap and the company has a good competitive position. It wasn’t a great release, but the growth in revenue shows that one of BABA’s competitors is increasing its presence in the market. Lockdowns. Related to the June quarter earnings release is the prospect of Chinese lockdowns in general. In the earnings release, BABA said that “a top customer” cut out its use of Alibaba cloud due to slowing demand in China. It did not specify the identity of the customer. Alibaba is the kind of rock bottom bargain you rarely see anywhere other than China, which is why I remain long this stock despite all of the risk factors it faces. At the start of this year, it was looking like the crackdown was still ongoing. It’s well known that China’s government wants to increase competition in the tech sector, and this has been cited as a headwind for Alibaba. Given this, it makes sense to look at some of BABA’s competitors’ recent releases. So, although Alibaba Cloud growth decelerated significantly in Q4, there is reason to think that it will pick up again. In Q4, Alibaba Cloud lost its biggest customer, which resulted in the segment growing by only 21%. Alibaba Cloud has long been considered a major potential growth driver for BABA, so its comparative under-performance in Q4 was a disappointment. A few metrics in the release were particularly surprising, such as the 8% growth in core commerce. The company had negative earnings in the prior year quarter, which meant that the comparisons were soft this time around. While the upcoming quarterly release is likely to be weak due to China’s heavy Q2 lockdowns, BABA will once again have soft comparisons in the September quarter.

The Chinese e-commerce giant reported a profit slightly ahead of analyst estimates.

Alibaba (ticker: BABA) posted revenue of $32.2 billion and earnings per share of 16 cents, topping analyst expectations for sales of $30.8 billion and EPS at 14 cents. Alibaba stock is surging after earnings beat expectations. Alibaba Stock Gains on Earnings Beat. Its Sales Were a ‘Relief.’

China's economy has slumped as Covid cases surged in the world's most populous country. But Chinese consumers stuck at home are still spending.

That has led to a shift in how (and what) Chinese consumers are buying, much as it has in the United States and other parts of the world. more closely in the past few years. Zhang said other categories, such as health care, activewear and outdoor products also grew rapidly. The company hopes supply chain disruptions could soon be ending. were up nearly 15% in late morning trading after the company reported that revenue rose 9% from a year ago, topping analysts' forecasts. Alibaba has more than 1.3 billion customers worldwide.

China bellwether stock Alibaba (BABA) reported quarterly results early Thursday that beat earnings and revenue estimates. BABA stock jumped.

"This was a very deliberate sign from the company they believe their stock is inexpensive," Baird analyst Colin Sebastian said in a note to clients this week. Analysts expected Alibaba to report adjusted income of $1.07 a share on revenue of $29.9 billion. Alibaba reported adjusted earnings of $1.55 a share on revenue of $32.2 billion. "Despite macro challenges that impacted supply chains and consumer sentiment, we continued to focus on customer value proposition and building the capabilities to deliver value," Chief Executive Daniel Zhang said in written remarks. JD ended the first quarter with 580.5 million active annual customers, up 16% In addition, it has already bought back 56.2 million shares for $9.2 billion.

E-commerce giant Alibaba reported earnings slightly ahead of analysts' estimates. Shares rose about 4% in premarket trading.

Alibaba (ticker: BABA) posted revenue of $32.2 billion and earnings per share of 16 cents, topping analyst expectations for sales of $30.8 billion and EPS at 14 cents. Alibaba stock is surging after earnings beat expectations. Alibaba Stock Gains on Earnings Beat. Its Sales Were a ‘Relief.’

HONG KONG -- Alibaba Group Holding's growth in the new fiscal year faces uncertainties both at home and abroad as China fights a resurgence and Southe.

Asia-Pacific stocks rose in Friday morning trade. Chinese tech giant Alibaba reported Thursday fiscal fourth-quarter earnings that were above analyst ...

In Australia, the S&P/ASX 200 climbed 1.07%. Australia's retail sales rose 0.9% in April to "another record level," according to a Friday media release from the country's Bureau of Statistics. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 101.483 — off levels above 102.2 seen earlier in the week. - Australia's retail sales rose 0.9% in April to "another record level," according to a Friday media release from the country's Bureau of Statistics. Following the data release, the Australian dollar changed hands at $0.7125, continuing to hold above the $0.705 level that it momentarily fell below earlier in the week. Chinese authorities held an unprecedented nationwide meeting via teleconference on Wednesday in a bid to bolster an economy battered by Covid, with Premier Li Keqiang warning of difficulties "even greater than the severe shock of the pandemic in 2020." SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. The Nikkei 225 in Japan gained 0.73% as shares of conglomerate SoftBank Group surged 4.47%. The Topix index advanced 0.46%. South Korea's Kospi also jumped 1.05%. In Friday morning trade, shares of Alibaba in Hong Kong surged 12.7% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items, on revenues of 204.05 billion yuan ($30.28 billion). "Premier Li's directive for local [officials] to better balance COVID controls against economic growth, which has been cited as key to solving all problems, (from employment to livelihood and COVID containment), paves a path to a promising turnaround," said Mizuho Bank's Vishnu Varathan in a Friday note. That was higher than analyst expectations for earnings of 7.31 yuan a share on CNY199.25 billion in revenue, according to StreetAccount. Other Chinese tech stocks in the city also saw big gains, with Tencent rising 2.93% while Netease surged 3.27%. The broader Hang Seng index in Hong Kong climbed 3.04%. - Asia-Pacific stocks rose in Friday morning trade.

Alibaba Group Holding's growth in the new fiscal year faces uncertainties both at home and abroad as China fights a COVID-19 resurgence and Southeast Asia ...

As of March 31, Alibaba had 254,941 employees, compared with 259,316 at the end of 2021, according to the latest company filing. Last week, Alibaba’s rival JD.com reported a year-on-year revenue increase of 18% to RMB 239.7 billion for the March quarter. Total China commerce, which accounts for about 69% of Alibaba’s revenue, stood at RMB 140.33 billion, up 8% from a year ago for the March quarter. Revenue was down 3% from the December quarter. From January to March, Southeast Asian arm Lazada’s order growth slowed to 32% year-on-year as offline consumption gradually recovered in the region. Alibaba’s annual revenue growth for the fiscal year that ended on March 31 grew 19%, it said.