Investing.com - Alibaba (NYSE:BABA) ADR reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Alibaba ADR announced earnings per share of ¥1.85 on revenue of ¥153.75B. Analysts polled by Investing.com anticipated EPS of ¥13.82 on revenue of ¥148.06B.
Alibaba ADR shares are up 21.61% from the beginning of the year, still down 3.74% from its 52 week high of ¥267.96 set on July 9. They are outperforming the EUR/USD which is down 0% from the start of the year.
Alibaba ADR shares lost 0.03% in after-hours trade following the report.
Alibaba ADR follows other major Services sector earnings this month
Alibaba ADR's report follows an earnings beat by Amazon.com on July 30, who reported EPS of ¥10.3 on revenue of ¥88.91B, compared to forecasts EPS of ¥1.48 on revenue of ¥81.45B.
Visa A had beat expectations on July 28 with third quarter EPS of ¥1.06 on revenue of ¥4.84B, compared to forecast for EPS of ¥1.03 on revenue of ¥4.82B.
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