alibaba earnings q2

alibaba earnings q2


These returns cover a period from January 1, 1988 through July 6, 2020. Zacks Ranks stocks can, and often do, change throughout the month.

It was the slowest rate of growth the company had posted since Q2 FY 2018 and was a continuation of the deceleration trend that had begun in Q4 FY 2019. Revenue growth is expected to slow to 14.3% YOY, well under half the growth rate posted in Q3 FY 2020.


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The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. The Digital Media and Entertainment segment and the Innovation Initiatives business together accounted for the balance in revenues.The reported quarterly turnover of $16.65 billion is 1.1% higher than the Wall Street consensus of $16.47 billion. Alibaba Group Holding Co. posted stronger-than-expected second quarter earnings Friday but …

Cloud computing segment revenues rose 64% from a year ago. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock.

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The firm had revenue of $114.31 billion for the quarter, compared to the consensus estimate of $108.31 billion. It has four reportable segments — Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives.

Also, revenues came in above the Zacks Consensus Estimate of US$7.78 billion.The increase was driven by continued revenue growth in the China and International commerce retail business and strong improvement in Alibaba’s cloud business.Starting first-quarter fiscal 2017, Alibaba commenced segment reporting. To learn more, You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies.

Alibaba's gross merchandise volume broke $1 trillion as more merchants came online to use its digital sales platforms in the face of the coronavirus lockdown. And that’s 21% higher than the Wall Street estimate of $1.51 per share.Alibaba Holdings’s Cloud business segment revenue stood at $1.3 billion during the quarter. We’re just getting word of this… an all-new way to trade - before the bell rings on Wall Street - allowing traders to achieve up to 1,139% return…The chart below shows up to four years of a company's earnings history. The Chinese e-commerce company also declared a quarterly adjusted EPS of $1.83.

Consolidated revenues for Alibaba Group were up by 40% year-over-year. While the stock has rebounded, analysts expect one of the company's worst quarters in years.

Motley Fool Transcription (MFTranscription) Aug 15, 2019 at 12:31PM Image source: The Motley Fool. Alibaba Beats on Q2 Earnings, Trims 2019 Revenue Outlook Amid 'Fluid' Conditions. The bill was passed in the wake of a scandal in which Nasdaq-listed Chinese firm Luckin Coffee, turned out to have been fabricating its sales numbers. Notably, the company's shares have gained 110.5% year to date, outperforming the Alibaba reported revenues of RMB55.12 billion (US$8.29 billion), increasing 9.8% sequentially and 60.7% year over year. Alibaba Group will be holding an earnings conference call on Thursday, August 20th at 12:00 AM Eastern. As mentioned above, investors also will focus on Alibaba's annual active consumers. Want to see which stocks are moving? Alibaba Group has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020. See its 7 best stocks FREE.This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. We use cookies to understand how you use our site and to improve your experience. A recent pick, Maxar, skyrocketed For 32 years, our Strong Buy list has averaged returns more than twice the market.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Non-GAAP EPS is up 30.71% from $1.40 in the fiscal second quarter of 2018.
We also reference original research from other reputable publishers where appropriate. Alibaba Group Announces June Quarter 2019 Results Hangzhou, China, August 15, 2019 – Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended June 30, 2019. A few better-ranked stocks in the broader technology sector are NVIDIA Corporation (Long-term earnings per share growth rate for NVIDIA Corporation, SMART Global and Applied Materials is projected to be 11.2%, 15.0% and 17.1%, respectively.Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. The monthly returns are then compounded to arrive at the annual return.


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alibaba earnings q2 2020