Yahoo Finance Alibaba Group Holding Second Quarter 2023 Earnings: EPS Misses Expectations
Alibaba Group Holding (NYSE:BABA) Second Quarter 2023 Results
Key Financial Results
Revenue: CN¥207.2b (up 3.2% from 2Q 2022).
Net loss: CN¥20.6b (down by 483% from CN¥5.37b profit in 2Q 2022).
CN¥7.77 loss per share (down from CN¥1.99 profit in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alibaba Group Holding EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in the US.
Performance of the American Online Retail industry.
The company's shares are up 14% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Alibaba Group Holding that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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