Alibaba's stock fell 1.7% despite reporting strong Q2 earnings, surpassing expectations.
Alibaba Group's stock fell 1.7% despite reporting strong quarterly earnings with an EPS of $16.44, significantly surpassing expectations. The company generated $243.24 billion in revenue, with a net margin of 7.31% and a return on equity of 12.08%. Analysts rate the stock as a "Moderate Buy," with 17 "buy" and 2 "hold" recommendations. Institutional investors have adjusted their positions, reflecting varied market sentiment on its future performance.
October 23, 2024
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