Friday, May 22, 2020

Alibaba Q4 Adj. Profit Rises, Revenue Up 22%; Issues FY21 Guidance

Alibaba Group Holding Limited (BABA) reported fourth quarter non-GAAP earnings per share of RMB 1.15 or $0.16, an increase of 7% year-over-year. Non-GAAP earnings per ADS was RMB 9.20 or $1.30, an increase of 7%. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.87 for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA increased 1% year-over-year to RMB 25.44 billion or $3.59 billion.

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