Investing.com - Alibaba (NYSE:BABA) ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Alibaba ADR announced earnings per share of 16.6 on revenue of 205.7B. Analysts polled by Investing.com anticipated EPS of 14.37 on revenue of 209.16B.
Alibaba ADR shares are down 3% from the beginning of the year and are trading at 200.09 , down-from-52-week-high.They are under-performing the Nasdaq which is up 13.91% from the start of the year.
Alibaba ADR follows other major Consumer Discretionary sector earnings this month
Alibaba ADR's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of 15.12 on revenue of 113.08B, compared to forecasts EPS of 12.23 on revenue of 115.42B.
Tesla had beat expectations on Monday, July 26, 2021 with second quarter EPS of 1.45 on revenue of 11.96B, compared to forecast for EPS of 0.9417 on revenue of 11.51B.
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