Thursday, November 2, 2017

Alibaba Q2 Profit Surges; Lifts FY18 Revenue Growth View

Alibaba Group Holding Ltd. reported Thursday significantly higher profit in its second quarter, benefited by strong revenue growth. Adjusted EBITDA margin, meanwhile, was lower. Looking ahead, the company increased its 2018 fiscal year revenue growth guidance. In pre-market activity, Alibaba shares were gaining around 3.7 percent.

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