Scalper1 News
Alibaba’s (BABA) quarterly revenue failed to meet analyst estimates Wednesday, and the company announced a $4 billion share buyback program. The Chinese e-commerce leader said first-quarter earnings rose 21% to 59 cents per share. Analysts polled by Thomson Reuters were expecting 58 cents. Revenue grew 28% to $3.27 billion, under views for $3.39 billion. Alibaba shares plunged 5.3% to 73.25 in premarket trading in the stock market today, after Scalper1 News
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