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Alibaba (BABA) stock fell to a three-month low Thursday after China’s e-commerce leader posted fiscal Q3 revenue that rose 40% but fell short of Wall Street expectations. Alibaba early Thursday reported revenue of $4.2 billion, boosted by strong mobile growth, but that missed the analyst consensus estimate of $4.45 billion. Earnings per share minus items of 81 cents topped analyst estimates of 75 cents for the quarter ended Dec. 31. Alibaba stock Scalper1 News
Scalper1 News