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Alibaba ADR Earnings, Revenue Beat in Q4

imageStock Markets2 hours ago (May 22, 2020 07:34AM ET)

(C) Reuters. Alibaba ADR Earnings, Revenue Beat in Q4

Investing.com – Alibaba (NYSE:BABA) ADR reported on Friday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Alibaba ADR announced earnings per share of 9.20 on revenue of 114.31B. Analysts polled by Investing.com anticipated EPS of 6.07 on revenue of 107.46B. That with comparison to EPS of 8.57 on revenue of 93.5B in the same period a year before. Alibaba ADR had reported EPS of 18.19 on revenue of 161.46B in the previous quarter. Analysts are expecting EPS of 12.83 and revenue of 141.31B in the upcoming quarter.

Alibaba ADR shares are up 0.03% from the beginning of the year , still down 8.21% from its 52 week high of 231.14 set on January 13. They are broadly in line with the EUR/USD which is down 0% year to date.

Alibaba ADR shares gained 0.40% in pre-market trade following the report.

Alibaba ADR’s report follows an earnings missed by Amazon.com on April 30, who reported EPS of 5.01 on revenue of 75.45B, compared to forecasts EPS of 6.16 on revenue of 73.74B.

Visa A had beat expectations on April 30 with second quarter EPS of 1.39 on revenue of 5.85B, compared to forecast for EPS of 1.34 on revenue of 5.72B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Alibaba ADR Earnings, Revenue Beat in Q4

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