Breaking: Alibaba (BABA) reports Q1 results Revenue, EPS beat estimates
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CLAIM OFFERAlibaba (BABA) reported first quarter 2021 results before the open on Thursday. Revenue for the quarter was 187.395 billion yuan, an increase of 64% and ahead of the forecasted 180.41 billion yuan. The quarterly net loss was 7.6 billion yuan due to a fine from the Chinese regulator. Earnings per share (EPS) were $1.88 ahead of the $1.78 estimate.
Mobile monthly average users were 925 million, up 23 million from December.
BABA stock forecast
BABA shares are trading at $219 in premarket trading on Thursday, a loss of 0.4%.
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Alibaba (BABA) reported first quarter 2021 results before the open on Thursday. Revenue for the quarter was 187.395 billion yuan, an increase of 64% and ahead of the forecasted 180.41 billion yuan. The quarterly net loss was 7.6 billion yuan due to a fine from the Chinese regulator. Earnings per share (EPS) were $1.88 ahead of the $1.78 estimate.
Mobile monthly average users were 925 million, up 23 million from December.
BABA stock forecast
BABA shares are trading at $219 in premarket trading on Thursday, a loss of 0.4%.
At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
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