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Alibaba Crushes Wall Street Expectations With 42% Revenue Gain

WorldNews Thursday, 15 August 2019
Alibaba Crushes Wall Street Expectations With 42% Revenue GainChinese e-commerce giant Alibaba on Thursday reported strong earnings for the fiscal first quarter that ended in June. Revenue and earnings easily beat analysts expectations, despite concerns about China’s slowing economy and the escalated trade tension with the U.S. The stock climbed 3.6% in early trading. The back story. Alibaba (ticker: BABA) stock has tumbled 17% from its May high. Revenue has been increasing more than 30% each quarter since 2015. Still, investors continued to view Alibaba as a proxy...
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