Mixed bag of quarterly results for Alibaba

By: Miguel A. Rodriguez

17:43, 13 May 2021

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The Chinese retailer behemoth reported mixed figures for its fiscal fourth quarter.

Alibaba revealed an EPS of $1.58, lower than what the market expected but still 12% higher year-over-year. At the same time, revenue topped estimates, the figures coming in at $28.6 billion. It marked a 64% year-over-year increase.

It swung to an operating loss after its recent troubles with regulators, which were started in November 2020, when the $34.5 billion Ant Group IPO was pulled off. Since then, Alibaba lost more than $240 billion of its market value. Moreover, the company had to pay a $2.8 billion fine due to an anti-monopoly investigation.

For fiscal 2022, Alibaba expects a 29.65% year-on-year revenue growth.

Source: cnbc.com

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