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Alibaba: Fiscal Q3 Earnings Snapshot

February 24, 2022 GMT

HANGZHOU, China (AP) _ Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal third-quarter earnings of $3.21 billion.

On a per-share basis, the Hangzhou, China-based company said it had profit of $1.18. Earnings, adjusted for one-time gains and costs, were $2.65 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.

The online retailer posted revenue of $38.07 billion in the period, which met Street forecasts.

Alibaba shares have dropped nearly 8% since the beginning of the year. The stock has dropped 57% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BABA