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Alibaba Tops Q3 Profit Estimates After Record Singles Day Boosts Bottom Line
Alibaba posts stronger-than-expected third quarter earnings after a record Singles Day shopping event helped boost profits for Asia's biggest tech company.
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Alibaba said diluted non-GAAP earnings for the three months ending in December, the company's fiscal third quarter, came in at $1.77 per share, up 8.6% from the same period last year and topping the consensus forecast of $1.64 per share. Group sales, Alibaba said, rose 41% to $17.057 billion but just missed analysts estimates of $17.47 billion.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: BABAc1dl1334.png]](https://finviz.com/publish/013019/BABAc1dl1334.png)
Alibaba posts stronger-than-expected third quarter earnings after a record Singles Day shopping event helped boost profits for Asia's biggest tech company.
...
Alibaba said diluted non-GAAP earnings for the three months ending in December, the company's fiscal third quarter, came in at $1.77 per share, up 8.6% from the same period last year and topping the consensus forecast of $1.64 per share. Group sales, Alibaba said, rose 41% to $17.057 billion but just missed analysts estimates of $17.47 billion.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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