9Mon·

Alibabas ($9988 (-2.85%) ) quarterly results have been reported:


  • Adjusted EPA: 18.97 yuan
  • Turnover: 260.35 billion
    Yuan
  • Share buyback program by 25 billion US dollars increased
  • Adjusted EBITDA: 59.57 billion yuan (above the estimates)



#earningsbt

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2 Comments

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Apparently, the Chinese economy is not doing so badly for local companies after all.
In addition, billions are being pumped into the economy to counteract the crisis.
Perhaps it wasn't such a bad decision to add a few Chinese shares to the portfolio after all. 🤔
5
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I always find it astonishing that despite very good growth, the missed expectations push the shares down
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