Alibaba, the online marketplace company, released their first ever earnings report yesterday. After going public in September the figure will provided insight into their performance. Since its IPO shares had risen 45% and its market value climbed to $243 billion. Investors focused on many aspects including profit & revenue growth, business strategy and future expansion into financial services. The company reported $0.45/share and revenue of $2.74 billion. This figure was 49% higher than a year earlier and active buyers had increased by 52%. In addition to positive figures this quarter they also announced that the next quarter should be the strongest of the Year as it included events such as Black Friday. Shares are continuing to rise today and the stock is currently up 1.44%.
November 5, 2014 – Stock Market News
Alibaba, the online marketplace company, released their first ever earnings report yesterday. After going public in September the figure will provided insight into their performance. Since its IPO shares had risen 45% and its market value climbed to $243 billion. Investors focused on many aspects including profit & revenue growth, business strategy and future expansion into financial services. The company reported $0.45/share and revenue of $2.74 billion. This figure was 49% higher than a year earlier and active buyers had increased by 52%. In addition to positive figures this quarter they also announced that the next quarter should be the strongest of the Year as it included events such as Black Friday. Shares are continuing to rise today and the stock is currently up 1.44%.