Alibaba rises on Q1 revenue beat, despite China concerns
E-commerce giant Alibaba Group (BABA) wrapped the June quarter with broad-based revenue growth, sending the company’s stock higher in premarket trading Thursday. While net profit was impacted by stock-based compensation expenses, adjusted earnings increased modestly. Earnings, on an adjusted basis, were 8.04 yuan per share (US$1.22 per share), up from 7.95 yuan per share reported […]
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