Categories AlphaGraphs, Earnings, Technology

Alibaba beats market estimates in Q3: Infographic

Alibaba Group (NYSE: BABA) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The Chinese e-commerce major reported third-quarter revenue of $33.88 billion, up 37% year-over-year and above the Wall Street projection. Net income of $3.38 per share was also higher than what analysts had anticipated.

BABA shares were trading modestly in the green zone immediately following the announcement. The stock has gained 24% in the trailing twelve months.

Alibaba Group Holding Q3 2021

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Alibaba Group Q3 earnings call transcript

CEO Daniel Zhang said in a statement, “Our cloud computing business continues to expand market leadership and show strong growth, reflecting the massive potential of China’s nascent cloud computing market as well as our years of investment in technology.” 

Prior performance

Most Popular

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top