Investing.com - Alibaba (NYSE:BABA) ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Alibaba ADR announced earnings per share of 17.97 on revenue of 155.06. Analysts polled by Investing.com anticipated EPS of 14.18 on revenue of 155.88B.
Alibaba ADR shares are up 39.42% from the beginning of the year, still down 7.38% from its 52 week high of 319.28 set on October 27. They are outperforming the EUR/USD which is down 0% from the start of the year.
Alibaba ADR follows other major Services sector earnings this month
Alibaba ADR's report follows an earnings beat by Amazon.com on October 29, who reported EPS of 12.37 on revenue of 96.15B, compared to forecasts EPS of 7.41 on revenue of 92.78B.
Visa A had beat expectations on October 28 with fourth quarter EPS of 1.12 on revenue of 5.1B, compared to forecast for EPS of 1.09 on revenue of 5B.
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