Friday, May 4, 2018

Alibaba Q4 Results Beat View; Expects Sales To Surge Next Year

Alibaba Group Holding Limited (BABA) Friday reported a profit for the fourth-quarter ended March 31, 2018 that declined 29 percent from the prior year, due to a one-time gain in the previous year. But, quarterly revenue increased 61 percent, driven by the stronger revenue growth of China commerce retail business. The company expects overall revenue growth above 60 percent for fiscal 2019.

from RTT - Earnings https://ift.tt/2jtCI60
via IFTTT

No comments:

Post a Comment