Scalper1 News
Several analysts lowered their price targets on Alibaba (BABA), a day after the China Internet giant reported fiscal third-quarter earnings that fell short. Alibaba beat earnings views, but its revenue’s 40% rise to $4.2 billion missed expectations. Alibaba processed $127 billion in gross merchandise volume, up 49% from the year-earlier quarter. Mobile accounted for 42% of GMV, but Alibaba is struggling to monetize mobile faster. Alibaba stock Scalper1 News
Scalper1 News