Previous close | 32.00 |
Open | 31.50 |
Bid | 25.25 |
Ask | 25.75 |
Strike | 55.00 |
Expiry date | 2024-12-20 |
Day's range | 31.50 - 32.00 |
Contract range | N/A |
Volume | |
Open interest | 251 |
Shares of Alibaba (BABA) are trading lower on Tuesday morning after the company posted an 86% loss in profit year-over-year. However, the company noted areas of acceleration, including customer growth and cloud computing revenue. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Alibaba and what they could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Tuesday after the company reported its quarterly results. The Jack Ma co-founded e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41. Net income plunged 86% Y/Y to $453 million due to net loss from its investments in publicly traded companie
Alibaba stock rallied strongly ahead of its Q1 report, but a revenue beat was offset by weaker than expected earnings.