Why Alibaba Stock Dropped After Earnings

01:19pm, Wednesday, 07'th Feb 2024
Alibaba reported earnings this morning, missing analyst targets on both the top and bottom lines. Management also announced a new $25 billion share buyback program.
Chinese e-commerce giant Alibaba (BABA) reported third quarter earnings that beat analyst estimates, though revenue fell short. The company also announced a $25 billion increase in its buyback program

Why Is Alibaba Stock Down After Earnings?

11:39am, Wednesday, 07'th Feb 2024
The company increased its buyback program by $25 billion.

Alibaba shares tumble after revenue miss

11:21am, Wednesday, 07'th Feb 2024
CNBC's Deirdre Bosa reports on Alibaba's quarterly earnings results.
Chinese e-commerce and cloud giant Alibaba (NYSE: BABA ) reduced its workforce by about 20,000 employees during 2023, which the company reported in conjunction with its fiscal third-quarter earnings t
Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, amid lower-than-expected sales revenue for the last quarter of
Alibaba Group (NYSE:BABA) shares dipped in pre-market trading on Wednesday as the firm failed to encourage investors with an expanded share buyback after earnings missed expectations. The Chinese e-co
Alibaba Group Holding Ltd. BABA, +4.82% fell short on adjusted earnings for its latest quarter but still was seeing its stock gain premarket Wednesday as the Chinese e-commerce player boosted its buyb
Alibaba missed market expectations for revenue in the December quarter but announced it is increasing the size of its share buyback program by $25 billion.
China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by softness in the retail market and sagging economic recovery in the world's second-largest.
China will welcome the Year of the Wood Dragon, symbolizing growth and progress. To shift from stock market losses, the People's Bank of China announced a larger-than-expected cut in banks' required r
Results from Alibaba's core ecommerce business could offer signal about trends in consumption.
Shares of Alibaba Group Holding Ltd. were flying high Wednesday, a day before the e-commerce giant's earnings report, as part of a broad rally in the stocks of China-based companies after a sovereign
Chinese stocks are down sharply over the last three years on a number of factors. Beijing is preparing to pump money into the Chinese stock market.
Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss how to trade Alibaba, Amgen and Uber.
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