Wednesday, November 2, 2016

Alibaba Q2 Profit Tops View; Stock Up

Alibaba Group Holding Limited (BABA) reported a profit for the second quarter ended September 30, 2016 that declined 66 percent from last year. The prior year result included a non-cash revaluation gain of RMB 18.60 billion, or RMB 7.26 per share, arising from revaluation of previously held equity interest in Alibaba Health. But Quarterly revenue increased 55% from the previous year.

from RTT - Earnings http://ift.tt/2fuMLIS
via IFTTT

No comments:

Post a Comment