Tag Archives: baba

Alibaba Stock Dives As Mobile Sales Gains Disappoint

Alibaba (BABA) stock fell to a three-month low Thursday after China’s e-commerce leader posted fiscal Q3 revenue that rose 40% but fell short of Wall Street expectations. Alibaba early Thursday reported revenue of $4.2 billion, boosted by strong mobile growth, but that missed the analyst consensus estimate of $4.45 billion. Earnings per share minus items of 81 cents topped analyst estimates of 75 cents for the quarter ended Dec. 31. Alibaba stock

Yahoo Reverses 8% From High Despite Spinoff

Yahoo (YHOO) almost foreshadowed Wednesday’s market reversal, as shares dropped below their 50-day line, plunging nearly 8% from their intraday high on the stock market today. The move comes just one day after the Web portal announced view-topping quarterly earnings and the spinoff of its 15.4% stake in Alibaba (BABA). The Chinese e-commerce giant’s stock also fell a day ahead of its own earnings report. Watch this video for chart analysis of both

Yahoo Must Improve Its Core, Analysts Say

Yahoo (YHOO) has ridden its big stake in Alibaba Group for years, but now it must show improvement in its core online ad sales, analysts say. Yahoo was up 2% in early afternoon trading in the stock market today, near 49, after the company cheered investors late Tuesday by announcing plans for a tax-free spinoff of its 15.4% stake in Alibaba (BABA). Still, revenue and earnings fell as the Web portal seeks to gain traction in online ad sales against