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BUZZ-US-listed shares of Alibaba fall as quarterly revenue misses estimates

Reuters
Mar 19
BUZZ-US-listed shares of Alibaba fall as quarterly revenue misses estimates

** U.S.-listed shares of China's e-commerce company Alibaba BABA.N fall 3.8% to $129.39 premarket

** BABA reports a 1.7% rise in revenue for the quarter ended December 31, but missed Wall Street estimates

** Company's revenue of 284.84 billion yuan ($41.28 billion) missed estimates of 290.69 billion yuan, according to LSEG-compiled data

** As of last close, stock down ~8% this year

($1 = 6.8998 Chinese yuan renminbi)

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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