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2024-11-15 13:00:01

Layer3.news on Nostr: finance.yahoo.com ALIBABA STOCK GAINS AS AI GROWTH HELPS EARNINGS BEAT DESPITE SALES ...


ALIBABA STOCK GAINS AS AI GROWTH HELPS EARNINGS BEAT DESPITE SALES MISS

https://media.zenfs.com/en/ibd.com/2a61072736054620e516c26641e8e570
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✍️ Alibaba's stock rose after the company reported fiscal second quarter earnings that beat estimates, despite lower-than-expected sales.
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👉 Alibaba's fiscal second quarter earnings beat estimates
👉 Adjusted earnings per ADS of 15.06 yuan
👉 Sales grew 5% year-over-year in local currency
👉 Cloud business saw growth, with revenues from public cloud products growing in double digits and AI-related product revenue delivering triple-digit growth

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#EddieWu #DonaldTrump #Hangzhou #China #UnitedStates #mainstream #business
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https://media.zenfs.com/en/ibd.com/2a61072736054620e516c26641e8e570

https://www.investors.com/news/technology/alibaba-stock-alibaba-earnings-q2-ai/?src=A00220&yptr=yahoo

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