Alibaba's Fiscal Q1 Non-GAAP Earnings Fall, Revenue Rises

MT Newswires Live

08/20

Alibaba Group (BABA) reported fiscal Q1 non-GAAP earnings Thursday of 8.52 Chinese renmimbi ($1.26) per diluted American depositary share, down from 14.75 renminbi a year earlier.

Analysts polled by FactSet expected 10.14 renminbi.

Revenue for the quarter ended June 30 was 268.95 billion renminbi, up from 247.65 billion renminbi a year earlier.

Analysts expected 268.48 billion renminbi.

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