Alibaba Group Holding Q4 2024 Adj EPADS RMB10.14 Misses RMB10.21 Estimate, Sales RMB221.874B Beat RMB219.661B Estimate
Portfolio Pulse from Benzinga Newsdesk
Alibaba Group Holding reported its Q4 2024 adjusted earnings per ADS at RMB10.14, missing the RMB10.21 estimate. However, its sales of RMB221.874 billion exceeded the RMB219.661 billion estimate.
May 14, 2024 | 10:34 am
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NEUTRAL IMPACT
Alibaba's Q4 2024 earnings missed EPS estimates but beat sales forecasts, indicating mixed financial performance.
The miss in EPS estimates could concern investors about profitability, while the sales beat may suggest strong demand for Alibaba's offerings. The mixed results create uncertainty, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100