Investing.com - Alibaba ADR (NYSE:BABA) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Alibaba ADR announced earnings per share of 16.87 on revenue of 242.58B. Analysts polled by Investing.com anticipated EPS of 16.02 on revenue of 246.62B.
Alibaba ADR shares are down 7.64% from the beginning of the year and are trading at 102.44 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Alibaba ADR shares lost 6.64% in pre-market trade the report.
Alibaba ADR follows other major Consumer Discretionary sector earnings this month
Alibaba ADR's report follows an earnings beat by Amazon.com on Thursday, February 3, 2022, who reported EPS of 27.75 on revenue of 137.41B, compared to forecasts EPS of 3.61 on revenue of 137.68B.
Tesla had beat expectations on Wednesday, January 26, 2022 with fourth quarter EPS of 2.54 on revenue of 17.72B, compared to forecast for EPS of 2.36 on revenue of 17.13B.
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