Alibaba: year off to a good start.
(CercleFinance.com) - Alibaba's fiscal year has got off to a good start.
Published on Thursday before Wall Street opened, the Q1 accounts of China's e-commerce giant included EPS that soared 92% to an annual rate of 83 cents.
Excluding non-recurrent items, EPS reached 1.17 dollar, i.e. 24 cents higher than expected by analysts.
Turnover also easily exceeded expectations. Revenues rose by 56% from the first 3 months of the previous fiscal year to 7.4 billion dollars, against 7.12 billion dollars forecast by the consensus.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Published on Thursday before Wall Street opened, the Q1 accounts of China's e-commerce giant included EPS that soared 92% to an annual rate of 83 cents.
Excluding non-recurrent items, EPS reached 1.17 dollar, i.e. 24 cents higher than expected by analysts.
Turnover also easily exceeded expectations. Revenues rose by 56% from the first 3 months of the previous fiscal year to 7.4 billion dollars, against 7.12 billion dollars forecast by the consensus.
Copyright (c) 2017 CercleFinance.com. All rights reserved.