Alibaba ADR Earnings, Revenue Beat in Q2
2022.08.04 15:06
Alibaba ADR Earnings, Revenue Beat in Q2
Investing.com – Alibaba (NYSE:BABA) ADR reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Alibaba ADR announced earnings per share of 11.73 on revenue of 205.56B. Analysts polled by Investing.com anticipated EPS of 10.78 on revenue of 204.44B.
Alibaba ADR shares are down 19.4% from the beginning of the year, still down 52.90% from its 52 week high of 203.28 set on August 4, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Alibaba ADR follows other major Consumer Discretionary sector earnings this month
Alibaba ADR’s report follows an earnings missed by Amazon.com on July 28, who reported EPS of -0.2 on revenue of 121.23B, compared to forecasts EPS of 0.1199 on revenue of 119B.
Tesla had beat expectations on July 20 with second quarter EPS of 2.27 on revenue of 16.93B, compared to forecast for EPS of 1.81 on revenue of 16.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
