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Citi Comments on Alibaba (BABA)
May 14, 2024 8:26 AM EDTCiti Comments on Alibaba (NYSE: BABA).
The analyst comments "Ali reported inline FY4Q24 result with total revs of Rmb221.9bn, +7% y/y, 0.7% above our estimate of Rmb220.4bn and 0.9% above consensus of Rmb219.8bn. China retail revs +3% yoy to Rmb88.3bn, with... More
Morgan Stanley Reiterates Equalweight Rating on Nomura Holdings Inc. (8604:JP) (NMR)
May 14, 2024 8:09 AM EDTMorgan Stanley analyst Mia Nagasaka reiterated an Equalweight rating and JPY970.00 price target on Nomura Holdings Inc. (8604:JP) (NYSE: NMR).
The analyst comments "Plans to expand resource-light, low-volatility businesses at wholesale division: 1) Over the near term, it will target wholesale pre-tax... More
Alibaba (BABA) stock tumbles after earnings fall short
May 14, 2024 6:46 AM EDT(Updated - May 14, 2024 9:58 AM EDT)
Alibaba (NYSE: BABA) reported its financial results for the first quarter ended March 31, 2024. Earnings fell short of analyst expectations, sending its stock more than 6% lower on Tuesday.
The Chinese e-commerce giant posted an adjusted earnings per share (EPS) of RMB10.14 (US$1.40), which was RMB0.13 below the analyst estimate of RMB10.27. Despite this miss, the company's revenue saw a 7% increase to RMB221.87 billion (US$30,729 million), slightly above the consensus estimate of RMB220.32 billion.
Alibaba's CEO Eddie Wu attributed the quarter's performance to the company's strategic... More
