Hanover - Delayed Quote ? EUR Alibaba Group Holding Ltd (AHLA.HA) Follow Compare 83.20 -2.60 (-3.03%) At close: 5:25 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Alibaba's core business is 'root of the issue': Strategist Alibaba (BABA) reported quarterly results that missed sales estimates, though the company's cloud computing segment outperformed. Macrolens managing principal and chief strategist Brian McCarthy joined Catalysts to provide his analysis of the e-commerce giant's performance. "The stock's on a bit of a roller coaster," McCarthy acknowledged, though he notes that markets seem pleased with Alibaba's international business segment during the quarter. "It's really the one pocket of strong growth within this company at this point," he told Yahoo Finance. However, McCarthy pointed to Alibaba's domestic e-commerce businesses as a key area of concern. He describes these legacy operations as "basically flat," calling that "the root of the issue for this stock." According to McCarthy, Alibaba's core business is struggling in "a highly competitive sector in a market that is beset with very, very serious macro headwinds." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Yahoo Finance Video ? 7 hours ago BABA BABAF Alibaba Group (BABA) Q3 2024 Earnings Call Transcript BABA earnings call for the period ending September 30, 2024. 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Barrons.com ? 2 hours ago BABA PLTR PFE Alibaba Reports 5% Revenue Growth, Driven by AI and Cloud Expansion The Cloud Intelligence segment, including AI products, outpaced overall company growth GuruFocus.com ? 3 hours ago BABA Top Midday Stories: Vaccine Stocks Fall on RFK Jr. HHS Nomination; GM Plans to Cut 1,000 Salaried Workers Top Midday Stories: Vaccine Stocks Fall on RFK Jr. HHS Nomination; GM Plans to Cut 1,000 Salaried Workers PREMIUM MT Newswires ? 6 hours ago LLY JPM BABA Alibaba's Profit Skyrockets 63%, But One Major Metric Missed the Mark Cloud and AI investments shine, but revenue growth underwhelms investors in a challenging economic landscape GuruFocus.com ? 6 hours ago BABA Alibaba Sales Miss Expectations. AI Demand Is Riding to the Rescue. China's online retailer Alibaba posted better-than-expected quarterly earnings of $2.15, a share, but revenue came in short. Barrons.com ? 6 hours ago BABA Alibaba Revenue Misses Views Amid Weaker Chinese Economy, Competition Adjusted earnings before interest, taxes, depreciation and amortization declined about 4% to 47.33 billion yuan in its fiscal second quarter. The Wall Street Journal ? 7 hours ago BABA BABAF PDD Alibaba’s Sluggish Growth in China Commerce Drags Down Results (Bloomberg) -- Alibaba Group Holding Ltd. reported anemic growth in its core Chinese e-commerce business in the September quarter, dragging down financial results that benefited from progress in its international and cloud divisions. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of Running Dry by Year-EndIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lif Bloomberg ? 7 hours ago BABA Alibaba Stock Falls On Mixed Quarter. AI Growth Helps Earnings Beat But Sales Miss. 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. Investor's Business Daily ? 7 hours ago BABA BABAF Alibaba shares down as Q3 revenue falls short; earnings beat expectations Investing.com -- Chinese e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd (NYSE: BABA) reported mixed third-quarter results on Friday, sending its shares down over 2% following the market open. Investing.com ? 8 hours ago BABA Alibaba Stock Drops Despite Higher-than-Estimated Profit; Sales Disappoint Alibaba Group shares traded in the U.S. were lower in Friday morning trading after the Chinese ecommerce giant posted higher-than-expected quarterly earnings but revenue was lower than Wall Street anticipated. Investopedia ? 8 hours ago BABA Alibaba Group (BABA) Unveils Qwen2.5-Coder: AI Coding Assistant Rivals GPT-4 We recently published a list of 10 AI Headlines You Shouldn’t Miss. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against other AI headlines you shouldn’t miss. Sovereign AI: a new concept gaining traction in the realm of artificial intelligence. As reported by CNBC, tech […] Insider Monkey ? 8 hours ago BABA Alibaba Reports Mixed Fiscal Second-Quarter Results as Cloud Revenue Grows Alibaba Reports Mixed Fiscal Second-Quarter Results as Cloud Revenue Grows PREMIUM MT Newswires ? 9 hours ago BABA Alibaba Q2 Earnings: Revenue Beats Forecast, Cloud and International Sales Shine, Free Cash Flow Falls Amid Strategic Investments Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher Friday after the company's fiscal second-quarter print. The Jack Ma co-founded e-commerce giant reported fiscal second-quarter 2024 revenue growth of 5% year-on-year to $33.70 billion, beating the analyst consensus estimate of $33.47 billion. Adjusted earnings per ADS of $2.15 missed the analyst consensus estimate of $2.26. Adjusted net income declined 9% Y/Y to $5.20 billion. Also Read: Bilibili's Q3 Earnings: Revenue Surges As G Benzinga ? 10 hours ago BABA Jack Ma-Backed Ant’s Profit Up 193% in Post-Crackdown Recovery (Bloomberg) -- Ant Group Co.’s profit nearly grew 193% in the June quarter, reversing a year-long decline as the fintech company regained its footing from a government crackdown. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of Running Dry by Year-EndIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftSaudi Neom Gets $3 Billion Loan Guarantee From Italy E Bloomberg ? 11 hours ago BABA Alibaba: Fiscal Q2 Earnings Snapshot HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Friday reported fiscal second-quarter profit of $6.25 billion. The Hong Kong-based company said it had profit of $2.59 per share. Earnings, adjusted for non-recurring gains, were $2.15 per share. Associated Press Finance ? 11 hours ago BABA China's Alibaba misses quarterly revenue estimates, beats on profit Alibaba Group Holding missed analysts' estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in China and weighed on the e-commerce group's domestic business. The company reported an adjusted profit of 15.06 yuan per American Depository Share, beating estimates of 14.88 yuan. Its U.S.-listed shares were down 0.3% at the opening. Reuters ? 11 hours ago BABA Alibaba Group Announces September Quarter 2024 Results HANGZHOU, China, November 15, 2024--Alibaba Group Holding Limited today announced its financial results for the quarter ended September 30, 2024. Business Wire ? 11 hours ago BABA BABAF Trending tickers: Tesla, Alibaba, Pfizer, Domino's and Disney The latest investor updates on stocks that are trending on Friday. Yahoo Finance UK ? 12 hours ago PFE ^DJI BABA Performance Overview Trailing total returns as of 11/15/2024, which may include dividends or other distributions. Benchmark is HANG SENG INDEX Return AHLA.HA HANG SENG INDEX YTD +21.06% +13.95% 1-Year +12.41% +11.67% 3-Year -41.25% -23.30%
