Alibaba Group Announces June Quarter 2019 Results
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Alibaba (BABA) Tops Q1 EPS by 37c; Revenues Beat
August 15, 2019 7:08 AM EDTAlibaba (NYSE: BABA) reported Q1 EPS of $1.83, $0.37 better than the analyst estimate of $1.46. Revenue for the quarter came in at $16.74 billion versus the consensus estimate of $15.82 billion.
"Alibaba had a great quarter, expanding our user base to 674 million annual active consumers, demonstrating our superior user experience, said Daniel Zhang, Chief Executive Officer of Alibaba Group. We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business, we will continue to invest in technology and bring digital transformation to... More
