Alibaba ADR Earnings Miss, Revenue Beats In Q1

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Alibaba ADR announced earnings per share of ¥1.85 on revenue of ¥153.75B. Analysts polled by anticipated EPS of ¥13.82 on revenue of ¥148.06B.

Alibaba ADR shares are up 21.61% from the beginning of the year, still down 3.74% from its 52 week high of ¥267.96 set on July 9. They are outperforming the EUR/USD which is down 0% from the start of the year.

Alibaba ADR shares lost 0.03% in after-hours trade following the report.

Alibaba ADR’s report follows an earnings beat by on July 30, who reported EPS of ¥10.3 on revenue of ¥88.91B, compared to forecasts EPS of ¥1.48 on revenue of ¥81.45B.

Visa A had beat expectations on July 28 with third quarter EPS of ¥1.06 on revenue of ¥4.84B, compared to forecast for EPS of ¥1.03 on revenue of ¥4.82B.

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