Alibaba Group Holding Ltd BABA reported Thursday its third-quarter earnings, which helped boost the stock more than 3 percent, above its prior all-time high of $188.88.
The company reported that it earned $1.29 per share in the third quarter on revenue of RMB55.122 million, or $8.28 billion. Wall Street analysts were expecting the company to earn $1.03 per share on revenue of $7.85 billion.
Total revenue for the quarter rose 61 percent from a year ago. The company highlighted following segment performance: 1) revenue from core commerce rose 63 percent to $6.983 billion, 2) revenue from cloud computing rose 99 percent to $447 million, 3) revenue from digital media and entertainment rose 33 percent to $721 million, and 4) revenue from innovation initiatives and others rose 27 percent to $134 million.
Annual active consumers on Alibaba's China retail marketplaces rose by 22 million users from a year ago to 488 million. Mobile monthly active users rose 20 million users to 549 million, the company said. Net income for the quarter rose 146 percent from a year ago to $2.616 billion.
Alibaba's big earnings beat and revenue growth across every segment helped boost shares of several other China-based ecommerce and internet players modestly higher early Thursday morning. Here is a list of five stocks investors may want to pay closer attention to on Thursday.
- JD.Com Inc(ADR) JD: up 0.90 percent at $38.20.
- Weibo Corp (ADR) WB: up 0.83 percent at $97.40.
- Baidu Inc (ADR) BIDU: up 0.24 percent at $246.01.
- SINA Corp SINA up about 1 percent.
- Sohu.com Inc SOHU also up about 1 percent.
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