Alibaba Group Holding Q2 Adj EPS $0.27, up 21% YoY, Sales $30.81B up 9% YoY
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group Holding reported a 21% year-over-year increase in adjusted EPS to $0.27 for Q2, with sales rising 9% to $30.81 billion.
November 16, 2023 | 11:46 am
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Alibaba Group Holding's Q2 adjusted EPS rose 21% YoY to $0.27, and sales increased by 9% to $30.81B, indicating strong financial performance.
The reported increase in both adjusted EPS and sales for Alibaba Group Holding suggests a positive financial performance, which is likely to be viewed favorably by investors. This could lead to a short-term positive impact on the stock price as the market reacts to the strong earnings report.
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