.jpg)
.jpg)
Alibaba Group Holding Ltd. (NYSE: BABA) on Thursday reported raised its full year forecast after the company reported better-than-expected quarterly earnings.
The Chinese e-commerce giant said revenue rose 61 percent to 55.12 billion yuan ($8.34 billion) in the quarter ended September. Analysts polled by Reuters had projected revenue of 52.2 billion yuan. The revenue growth rate is the fastest rate since its IPO in 2014.
Net income jumped 132 percent to 17.7 billion yuan, also beating analysts’ forecast of a 50 percent increase.
"We had an outstanding quarter. Our consumer insights and technology innovation were the key drivers behind our customer value proposition across the Alibaba economy," said Daniel Zhang, Chief Executive Officer of Alibaba Group. "We are seeing the early results from our efforts to integrate online and offline with our New Retail strategy, and consumers have benefited from access to high quality products, improved customer experience and the tremendous convenience of shopping anytime, anywhere."
The better-than-expected earnings were boosted strong growth in its core e-commerce business. Revenue from e-commerce business rose 63 percent to 46.46 billion yuan.
Alibaba rose over 2 percent in the premarket trading. But it pared its gains in the early trading in New York. The stock was up over 110 percent this year.
The company also also raised its revenue guidance for the 2018 fiscal year to growth of between 49 percent to 53 percent, up from its previous forecast of between 45 percent to 49 percent.
.jpg&description=Alibaba+Posts+Better-than-Expected+Earnings%0D%0A%0D%0A)
.jpg){kind=small}
16 Comments
ekretfucooli
Nov 04, 2017 at 09 52 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ozameduxuqan
Nov 04, 2017 at 10 04 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
iojgivij
Nov 04, 2017 at 10 19 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ecumode
Nov 04, 2017 at 10 21 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
erisote
Nov 04, 2017 at 10 31 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ufiboyoybopa
Nov 04, 2017 at 10 36 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
umecoebileg
Nov 05, 2017 at 12 23 amhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
evijiyoxuc
Nov 05, 2017 at 12 37 amhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ajizalal
Nov 05, 2017 at 01 50 amhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ivotoakep
Nov 05, 2017 at 02 03 amhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
elifxisapo
Nov 05, 2017 at 01 06 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
oyegihimepi
Nov 05, 2017 at 01 19 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
vayiduwiqfe
Nov 05, 2017 at 05 01 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
ixejiqapk
Nov 05, 2017 at 05 14 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
akauxaelixaig
Nov 05, 2017 at 10 13 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/
yufidasa
Nov 05, 2017 at 10 26 pmhttp://levitrageneric-cheapest-price.net/ - levitrageneric-cheapest-price.net.ankor cheapest-priceventolinonline.net.ankor http://levitra-online-cheap.net/