or
Remember me
Back
Alibaba Group (BABA) stock fell early Thursday, after the China e-commerce and cloud-computing giant reported March quarter earnings and sales that missed Wall Street forecasts. That was despite strong sales growth for Alibaba's cloud business that the company attributed to AI.
Alibaba reported adjusted earnings of 12.52 yuan per American depositary share on sales of 236.45 billion yuan, or $32.8 billion, for the March-ended quarter. Analysts polled by FactSet projected the tech giant would post adjusted earnings of 12.56 yuan per ADS on sales of 239.6 billion yuan, or $33.25 billion.
Receive investor kits and email updates from Stockhouse and directly from these companies.