Alibaba Group Holding Q3 2024 Adj EPS RMB18.97 vs RMB19.18 Estimate
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group Holding reported its Q3 2024 adjusted earnings per share (EPS) at RMB18.97, slightly below the estimated RMB19.18.

February 07, 2024 | 11:36 am
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Alibaba's Q3 2024 adjusted EPS was RMB18.97, missing the estimated RMB19.18 by a narrow margin.
Missing earnings estimates, even by a small margin, can lead to negative investor sentiment in the short term. This could result in a slight decrease in Alibaba's stock price as the market reacts to the earnings miss. However, the close proximity of the actual EPS to the estimate suggests that the impact may be somewhat muted, hence the confidence score is not at the maximum.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100