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Alibaba ADR announced earnings per share of 16.87 on revenue of 242.58B. Analysts polled by Investing.com anticipated EPS of 16.02 on revenue of 246.62B.
Alibaba ADR shares are up 14.39% from the beginning of the year, still down 56.46% from its 52 week high of 252.00 set on February 24, 2021. They are outperforming the IDX Composite which is up 3.59% from the start of the year.
Alibaba ADR shares lost 7.69% in pre-market trade following the report.
Alibaba ADR’s report follows an earnings beat by Amazon.com on February 3, who reported EPS of 27.75 on revenue of 137.41B, compared to forecasts EPS of 3.61 on revenue of 137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of 2.54 on revenue of 17.72B, compared to forecast for EPS of 2.36 on revenue of 17.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
