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Market News
22.05.2020, 11:29

Company News: Alibaba (BABA) quarterly results beat analysts’ estimates

Alibaba (BABA) reported Q4 FY 2020 earnings of RMB9.20 per share (versus RMB8.57 per share in Q4 FY 2019), beating analysts’ consensus estimate of RMB6.07 per share.

The company’s quarterly revenues amounted to RMB114.314 bln (+22.3% y/y), beating analysts’ consensus estimate of RMB108.312 bln.

The company also issued in-line guidance for FY 2021, projecting revenues of RMB650 bln versus analysts’ consensus estimate of RMB656.44 bln.

BABA rose to $213.00 (+0.40%) in pre-market trading.

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