May 14, 10:40 AM

Alibaba Reports $30.66B Revenue, $1.40 EPS, Misses Expectations, Declares Dividends, Sees 86% Profit Drop

Alibaba, a significant holding for investors, reported earnings with revenue beating estimates at $30.66 billion but missed on EPS at $1.40. The company announced dividends in line with expectations. Despite revenue growth, Alibaba saw an 86% profit drop.

#Alibaba

Written with ChatGPT (GPT-3).

Sources

WSJ Business News@WSJbusiness
2 years ago
Alibaba Quarterly Profit Sinks Despite Rise in Sales https://t.co/4Byw5gyaGA
Value Investigator@value_invest12
2 years ago
Alibaba Q1: • 7% revenue growth (from 5% last q) • 14% EPS growth • 3% cloud revenue growth Bought back shares for $12.5 billion fiscal year 2024 (6.4% of shares outstanding 👀). $BABA
Bloomberg Markets@markets
2 years ago
Alibaba’s revenue rose 6.6% after it focused on gaining market share in the twin businesses of e-commerce and the cloud https://t.co/1zpSSFlm38

Alibaba Reports $30.66B Revenue, $1.40 EPS, Misses Expectations, Declares Dividends, Sees 86% Profit Drop

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