Company Of The Day: Alibaba

+34.49%
Upside
76.01
Market
102
Trefis
BABA: Alibaba Group logo
BABA
Alibaba Group

What? 

Chinese e-commerce behemoth Alibaba (NYSE:BABA) posted a weaker than expected set of Q2 results. While sales rose by about 29% year-over-year to about $31 billion, earnings per ADS stood at $0.31.

Why?

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Economic growth in China has been slowing. Moreover, the government’s recent crackdown on technology companies and new regulations are also likely weighing on results.

So What?

The stock was down by about 5% in pre-market trading on the NYSE on Thursday.

See Our Complete Analysis For Alibaba

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