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Even China's fast-growing ecommerce giant can't please Wall Street all the time
Alibaba reported earnings of $0.84 per share on revenue of $4.22 billion for the holiday quarter, beating the consensus estimate among analysts for earnings of $0.75, but falling short of projections for revenue of $4.45 billion
That revenue miss was enough to send Alibaba's stock down more than 10% in early trading Thursday, even though it represented 40% growth from revenue in the same quarter a year earlier
Some analysts later suggested that the difference in their revenue estimates was due in part to mistakenly projecting quarterly growth based on Alibaba's tremendous performance on Singles Day, China's equivalent of Black Friday Read more...
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