Alibaba Group Holding Q3 2024 Adj EPS $2.67
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group Holding (NYSE:BABA) reported its Q3 2024 earnings with an adjusted EPS of $2.67, missing the analyst consensus estimate of $19.18 by 86.08%.
February 07, 2024 | 11:34 am
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Alibaba Group Holding reported a significant miss in its Q3 2024 earnings, with an adjusted EPS of $2.67 compared to the expected $19.18.
The substantial miss in earnings expectations for Alibaba Group Holding is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss (86.08%) suggests significant underlying issues that could concern investors, leading to a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100