Alibaba, the online marketplace company, will release their first ever earnings today. After going public in September the figure will provide insight into their performance. Since its IPO shares have risen 45% and its market value has risen to $243 billion. Investors will focus on many aspects including profit & revenue growth, business strategy and future expansion into financial services. The prediction is to see earnings of $0.44/ share as well as revenue of $2.61 billion. The stock is currently 3.25% higher in pre-market trade.
November 4, 2014 – Stock Market News
Alibaba, the online marketplace company, will release their first ever earnings today. After going public in September the figure will provide insight into their performance. Since its IPO shares have risen 45% and its market value has risen to $243 billion. Investors will focus on many aspects including profit & revenue growth, business strategy and future expansion into financial services. The prediction is to see earnings of $0.44/ share as well as revenue of $2.61 billion. The stock is currently 3.25% higher in pre-market trade.
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