Alibaba Earnings Beat As Revenue Slows For Third Straight Quarter

▤ Summary

The China e-commerce giant reported adjusted earnings of $1.77 per share and revenue of $17 billion for its fiscal third quarter ended Dec. 31. Analysts expected Alibaba ( BABA ) to report earnings of $1.67 a share on revenue $17.7 billion. Revenue rose 41% from the year-ago period, a slowdown from growth of 65% and 76% in the previous two quarters, respectively. According to Chinas National Bureau of Statistics, online sales growth of physical goods decelerated in the fourth quarter. Alibabas stock is down 25% since hitting a record high of 211.70 amid escalating U.S.-China trade tensions and a pullback in Chinese consumer confidence.

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