Alibaba surged more than 7.3% so far today after releasing a much better than expected earnings report for its fourth quarter. While Alibaba has largely been declining after its Singles’ Day success last quarter, it beat expectations of $0.42 by $0.06 for this quarter. Yahoo stock shared in the strength of Alibaba’s past quarter despite splitting off its Alibaba Shares from the whole. Yahoo’s reaction to the Alibaba news has been a 4.87% rise for the day.
May 7, 2015 – Stock Market News
Alibaba surged more than 7.3% so far today after releasing a much better than expected earnings report for its fourth quarter. While Alibaba has largely been declining after its Singles’ Day success last quarter, it beat expectations of $0.42 by $0.06 for this quarter. Yahoo stock shared in the strength of Alibaba’s past quarter despite splitting off its Alibaba Shares from the whole. Yahoo’s reaction to the Alibaba news has been a 4.87% rise for the day.
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