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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Alibaba Shares Today?

Alibaba Alibaba Group Alibaba Group Holding Ltd NYSE

Alibaba Group Holding Ltd - ADR (NYSE:BABA) shares are trading lower by 3.87% at $105.53 Thursday morning after the company reported third-quarter earnings.

Alibaba reported quarterly earnings of $2.65 per share which beat the analyst consensus estimate of $2.55. The company also reported quarterly sales of $38.07 billion which missed the analyst consensus estimate of $38.83 billion by 2%. This is a 12% increase over sales of $33.88 billion the same period last year.

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