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Alibaba's (BABA) fiscal first-quarter earnings missed expectations even as revenue edged past Wall S
Cloud revenue jumped 45% as AI demand stayed strong. Summary
Net income fell to 10.54 billion yuan in the June quarter, while cloud revenue grew 45% on surging AI demand
Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.
Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.
U.S. stock futures mostly pointed higher, buoyed by the unexpected intervention that broadly lifted global market sentiment.
Alibaba stock has slipped this year but earnings are an opportunity to flip the narrative on its artificial-intelligence progress.
Shares of the Chinese search-engine provider plummet after it posts a dismal set of second-quarter results.
Alibaba stock fell following quarterly results.
Investing.com -- Alibaba Group (NYSE:BABA) reported a 3% rise in quarterly revenue, driven by robust growth in its cloud computing and AI businesses, though the top line narrowly missed analyst expectations.