Alibaba Group Announces March Quarter 2024 and Fiscal Year 2024 Results

Alibaba (BABA) PT Raised to $103 at BofA Securities

BofA Securities analyst Joyce Ju raised the price target on Alibaba (NYSE: BABA) to $103.00 (from $99.00) while maintaining a Buy rating.

The analyst comments "FY4Q24 results largely in-line with our est. and consensus, except GAAP Op and Np missing the expectations due to mark-to-market investment loss. Consolidated revs +7% YoY, driven by 4% growth in Taobao Tmall Group (TTG).... More

Citi Comments on Alibaba (BABA)

Citi Comments on Alibaba (NYSE: BABA).

The analyst comments "Ali reported inline FY4Q24 result with total revs of Rmb221.9bn, +7% y/y, 0.7% above our estimate of Rmb220.4bn and 0.9% above consensus of Rmb219.8bn. China retail revs +3% yoy to Rmb88.3bn, with... More

Morgan Stanley Reiterates Equalweight Rating on Nomura Holdings Inc. (8604:JP) (NMR)

Morgan Stanley analyst Mia Nagasaka reiterated an Equalweight rating and JPY970.00 price target on Nomura Holdings Inc. (8604:JP) (NYSE: NMR).

The analyst comments "Plans to expand resource-light, low-volatility businesses at wholesale division: 1) Over the near term, it will target wholesale pre-tax... More

Alibaba (BABA) stock tumbles after earnings fall short

(Updated - May 14, 2024 9:58 AM EDT)

Alibaba (NYSE: BABA) reported its financial results for the first quarter ended March 31, 2024. Earnings fell short of analyst expectations, sending its stock more than 6% lower on Tuesday.

The Chinese e-commerce giant posted an adjusted earnings per share (EPS) of RMB10.14 (US$1.40), which was RMB0.13 below the analyst estimate of RMB10.27. Despite this miss, the company's revenue saw a 7% increase to RMB221.87 billion (US$30,729 million), slightly above the consensus estimate of RMB220.32 billion.

Alibaba's CEO Eddie Wu attributed the quarter's performance to the company's strategic... More

Alibaba (BABA) Misses Q1 EPS by 13c, Beats on Revenue

Alibaba (NYSE: BABA) reported Q1 EPS of RMB10.14, RMB0.13 worse than the analyst estimate of RMB10.27. Revenue for the quarter came in at RMB221.87 billion versus the consensus estimate of RMB220.32 billion.

For earnings history and earnings-related data on Alibaba (BABA) click here.