© Reuters. Alibaba ADR Earnings Beat, Revenue Misses In Q3
Investing.com – Alibaba (NYSE:) ADR reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Alibaba ADR announced earnings per share of ¥12.92 on revenue of ¥207.18B. Analysts polled by Investing.com anticipated EPS of ¥11.74 on revenue of ¥208.52B.
Alibaba ADR shares are down 34.2% from the beginning of the year, still down 53.56% from its 52 week high of ¥168.30 set on November 17, 2021.
Alibaba ADR follows other major Consumer Discretionary sector earnings this month
Alibaba ADR’s report follows an earnings beat by Amazon.com on October 27, who reported EPS of ¥0.28 on revenue of ¥127.1B, compared to forecasts EPS of ¥0.22 on revenue of ¥127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of ¥1.05 on revenue of ¥21.45B, compared to forecast for EPS of ¥1 on revenue of ¥21.98B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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