Alibaba Group Holding Ltd.'s stock surged ahead of its third-quarter earnings, clearing $80, but later erased its 5% premarket gains, falling 3.3% after the company missed revenue estimates. The company reported a third-quarter revenue increase of 5% year-over-year to approximately $36.7 billion, slightly below the expected ¥261.1 billion, and net income fell to around $2 billion. Alibaba's core commerce business, including Taobao and Tmall Group, saw a revenue increase of 2% year-over-year to about $18 billion, with 1.05 billion monthly active users. Alibaba has increased its share buyback program by $25 billion. In related news, Ant Group, an affiliate of Alibaba, reported a 92% fall in quarterly profit to 24.5 million yuan. The broader Chinese stock market showed signs of recovery, with Central Huijin's announcement to boost A-share ETF purchases leading to significant gains in the CSI300 and CSI1000 indices.
Alibaba misses revenue estimates; boosts buyback by $25 billion https://t.co/hu7O4KnJuL https://t.co/l3hBvckel4
$BABA ❖ ALIBABA ERASED 5% PREMARKET GAINS, NOW FALLS 3.3%
The New York Times missed revenue estimates in Q4, but added 300,000 digital-only subscribers and increased adjusted operating profit year-over-year despite a rough media landscape. https://t.co/YdcCIL43zT
⚠️ KFC-PARENT YUM BRANDS MISSES SALES ESTIMATES AMID CAUTIOUS CONSUMER SPENDING (Reuters) Yum Brands missed Wall Street estimates for quarterly sales on Wednesday, with all three of its top chains seeing weaker growth, as fewer customers ordered at Taco Bell, KFC and Pizza Hut… https://t.co/nhNps8UAlO
⚠️ ANT GROUP QUARTERLY PROFIT FALLS 92% ON YEAR TO 24.5 MILLION YUAN (Reuters) China's Ant Group made net profit of 24.5 million yuan ($3.41 million) in the three months to Sept. 31, down 92% from a year earlier, according to Reuters calculations from Alibaba Group Holding's… https://t.co/tWh4TQ0LlE
⚠️ NEW YORK TIMES MISSES QUARTERLY REVENUE ESTIMATES (Reuters) New York Times missed expectations for quarterly revenue on Wednesday, hurt by a slowdown in advertising sales and fewer customers signing up for its bundles. The publisher reported revenue of $676.2 million for… https://t.co/fkThNxTrvu
Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down to ~$2B, Taobao and Tmall Group revenue up 2% YoY to ~$18B, and plans a $25B share buyback (@janez901 / Bloomberg) https://t.co/XcvGdorREY 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/tLFeESq0a6
💥 U.S.-LISTED SHARES OF ALIBABA GROUP UP 5% PREMARKET AFTER Q3 RESULTS $BABA https://t.co/aP5Wygmm9s
Alibaba shares jump 4% in premarket trade after it hikes share buyback program by $25 billion https://t.co/JkgDPI4K76
Monster rippy in $baba Now up 4% Set to clear 82 We gave at 69.
ALIBABA IS UP 5% PRE MARKET SO FAR AFTER IT REPORTED EARNINGS LETS SEE IF IT HOLDS I AM ( FINALLY) GOING TO SLEEP ITS 7 AM HERE $BABA https://t.co/pQ7KgZGFgP https://t.co/uqB5aLlLxC
⚠️ ALIBABA MISSES QUARTERLY REVENUE ESTIMATES (Reuters) China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world's second-largest. The company reported… https://t.co/WPpwnNuHFR
ALIBABA EARNINGS WILL BE OUT IN EXACTLY 1 HOUR I WAS GONNA STAY AWAKE FOR THE EARNINGS BUT SLEEPY NOW ( 6 AM HERE ) SEE YOU IN 5-8 HOURS $BABA
PAYPAL EARNINGS COME OUT TOMORROW AT 4:15 PM ET $PYPL EXPECTED NUMBERS REVENUE -> $7.87 BILLION ( UP 6.6% YoY ) EPS -> $1.36 ( UP 45.2% YoY ) TOTAL ACTIVE USERS -> 428 MILLION https://t.co/eA5lXS95iP
PAYPAL EARNINGS COME OUT TOMORROW AT 4:15 PM ET $PYPL EXPECTED NUMBERS REVENUE -> $7.87 BILLION ( UP 6.6% YoY ) EPS -> $1.36 ( UP 45.2% YoY ) TOTAL ACTIVE USERS -> 428 https://t.co/nUqP0J3cGU
$BABA 79 after hrs. Was looking for 80 and it basically got there. Was all you can eat in the 60's. Earnings in the morning. Gluck brethren's.
$baba clears 80 Gave at 70 China is the future
ALIBABA EARNINGS COME OUT TOMORROW MORNING AT 6:45 AM ET $META EXPECTED NUMBERS REVENUE -> ¥261.1 BILLION ( UP 5.4% YoY ) EPS -> ¥18.67 ( UP 15% YoY ) MONTHLY ACTIVE USERS -> 1.05 BILLION https://t.co/wHigTftuGx
Alibaba’s stock surges ahead of earnings, and Nio’s bounces sharply off four-year low https://t.co/RjbQ7QBV3E
$baba about to clear 80 We gave 70
Alibaba and Other China Stocks Surge. Beware of a Dead Cat Bounce. https://t.co/FeIUMuC0Li
Warnings, liquidity boost and proverbs — China’s tools for propping up its stock market Central Huijin announces plans to increase A-share ETF purchases. CSI300 climbs >3%, CSI1000 jumps >6%, but will this be another dead cat bounce? #mkt https://t.co/vN8OdKJ9AN
$BABA looking good since the bullish divergent low on Jan 22. Upcoming earnings (Feb 7) could be a catalyst to make or break this setup https://t.co/ISMFKI1ucn https://t.co/tTGTtk7hGB