• Alibaba Group Holding Ltd BABA.N reported quarterly adjusted earnings of CNY12.52​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of CNY10.14. The mean expectation of twenty one analysts for the quarter was for earnings of CNY12.94 per share. Wall Street expected results to range from CNY9.45 to CNY15.91 per share.

• Revenue rose 6.6% to CNY236.45 billion from a year ago; analysts expected CNY237.24 billion.

• Alibaba Group Holding Ltd's reported EPS for the quarter was CNY5.17​.

• The company reported quarterly net income of CNY12.38 billion.

• Alibaba Group Holding Ltd shares had risen by 1.4% this quarter and gained 58.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 41 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Alibaba Group Holding Ltd is $165.00

This summary was machine generated from LSEG data May 15 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)