Chinese e-commerce company Alibaba Group (NYSE: BABA) has dabbled in controversy over the past year. China's willingness to intervene in how its technology companies operate has driven investors away from the stock, bringing its price down more than 50% from its highs.
What happened
Shares of Alibaba Group Holding (NYSE: BABA) slid 2.4% in afternoon trading Friday, as of 1 p.m. ET, after two separate investment banks lowered their price targets on the Chinese e-commerce giant in response to a weak earnings report.
Alibaba Group Holding Limited BABA reported third-quarter fiscal 2022 non-GAAP earnings of $2.65 per ADS (RMB 16.87), which surpassed the Zacks Consensus Estimate by 9.9%. Notably, the figure decreased 23% year over year in RMB terms.Revenues of RMB 242.6 billion ($38.1 b
Consumer stocks were broadly mixed in late trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 2.1% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was climbing 2.1%.
Consumer stocks were broadly lower in Thursday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 3.3% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sliding 1.2%.
What happened
Shares of Alibaba (NYSE: BABA) were sliding today as the Chinese tech giant posted its slowest growth in its publicly traded history. The company is struggling with a number of new regulations from the Chinese government.
Stock Market Today Mid-Morning UpdatesOn Thursday, the Dow Jones Industrial Average has sunk by 650 points. Today, Russian President Vladimir Putin announced a military operation in Ukraine’s eastern Donbas region, signaling the beginning of the invasion. The Donbas region
The NASDAQ 100 Pre-Market Indicator is down -429.72 to 13,079.71. The total Pre-Market volume is currently 67,766,288 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -4.69 at $40.45, with 7,513,386 shares traded
(RTTNews) - Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that net income for the third quarter plunged 74 percent from last year, despite 10 percent growth in revenues, hurt by a huge impairment of goodwill. In pre-market activity on the NYSE, Ali
China's Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in its core e-commerce business and intensifying competition ate into sales.
China's Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014, as tepid growth in core e-commerce business and intensifying competition ate into its sales.
Stock Market Futures Tumble After Russian Forces Invade Ukraine U.S. stock futures are sinking even after yesterday’s massive downturn for markets in general. This is following an official announcement by Russian President Vladimir Putin regarding the country’s o
The NASDAQ 100 After Hours Indicator is down -15.87 to 13,493.56. The total After hours volume is currently 80,004,129 shares traded.The following are the most active stocks for the after hours session: Wipro Limited (WIT) is unchanged at $7.37, with 6,007,488 shares traded. WIT
The following companies are expected to report earnings prior to market open on 02/24/2022. Visit our Earnings Calendar for a full list of expected earnings releases.Royal Bank Of Canada (RY)is reporting for the quarter ending January 31, 2022. The bank (foreign) company's conse
What happened
Shares of Alibaba Group Holding (NYSE: BABA) were getting roughed up again today as the Chinese e-commerce giant continued to face pressure from government regulators and a series of events fueled speculation that Beijing was preparing for another round of crackdown
The Motley Fool
Checked
25 minutes 45 seconds ago
This feed is responsible for generating the rss feed related to the topic BABA