Skip to main content

Alibaba: Fiscal Q4 Earnings Snapshot

HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Wednesday reported fiscal fourth-quarter profit of $3.69 billion.

On a per-share basis, the Hong Kong-based company said it had net income of $1.50. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The online retailer posted revenue of $35.28 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $35.23 billion.

Alibaba shares have fallen 8% since the beginning of the year. The stock has risen nearly 2% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BABA

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary