BABA - Alibaba Shares Bounce Back Thursday: What's Going On? | Benzinga
Alibaba Group Holding Limited (NYSE:BABA) saw a rise in its shares Thursday afternoon after experiencing a decline on Tuesday following the release of its quarterly earnings report.
Here's What's Going On: In terms of earnings, Alibaba’s quarterly performance was mixed. While revenue figures surpassed expectations of $30.4 billion by 1.08%, coming in at $30.729 billion, the company reported lower-than-expected EPS of $1.40 compared to estimates of $1.41 according to Benzinga Pro.
What’s New: Thursday’s positive movement may be partly due to an X post from Citron Research. The post expressed ...