Alibaba Group (NYSE: BABA) reported fourth-quarter 2021 financial results before the regular market hours on Thursday.
The Chinese e-commerce major reported fourth-quarter revenue of $28.6 billion, up 64% year-over-year, which was higher than what analysts had predicted.
The company had a net loss of $836 million or a $0.30 loss per share in the fourth quarter. Adjusted earnings were $1.58 per share.
Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive