Alibaba Stock Falls On Mixed Quarter. AI Growth Helps Earnings Beat But Sales Miss.

Alibaba Stock Falls On Mixed Quarter. AI Growth Helps Earnings Beat But Sales Miss. · Investor's Business Daily

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Alibaba fell early Friday, after the Chinese e-commerce giant reported mixed fiscal second quarter results. Earnings beat estimates but sales came in light, despite strong performances from the company's international retail division and its AI cloud business. Alibaba said that it earned an adjusted 15.06 yuan per American depositary share (ADS) on sales of 236.5 billion yuan, or $32.7 billion, for the September-ended quarter.