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.
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.”
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth