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MarketScreener Homepage  >  Equities  >  Nyse  >  Alibaba Group Holding    BABA

ALIBABA GROUP HOLDING

(BABA)
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Alibaba : 4Q Profit Falls 88%; Revenue Rises

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05/22/2020 | 08:25am EDT

By Liza Lin and Allison Prang

 

Alibaba Group Holding Ltd.'s fourth-quarter profit fell 88% from the same period a year ago as the coronavirus outbreak disrupted the Chinese e-commerce giant's supply chains and dampened its ability to deliver packages.

Alibaba, China's most valuable technology company, reported net income attributable to ordinary shareholders of 3.16 billion yuan ($447 million) for the quarter ending in March. The company said the fall in profit was mainly because of a net investment loss. A year earlier, Alibaba had a net investment gain.

Earnings per American depository share were 1.16 yuan (16 cents) a share compared with 9.84 yuan a share year earlier. On an adjusted basis, earnings per American depository share were 9.20 yuan. Analysts expected 6.05 yuan a share

Revenue rose 22%, to 114.31 billion yuan, exceeding the expectations of analysts polled by FactSet. The company also said it expects revenue to top 650 billion yuan this fiscal year. Analysts are expecting 658.85 billion.

"Although the pandemic negatively impacted most of our domestic core commerce businesses starting in late January, we have seen a steady recovery since March," Chief Financial Officer Maggie Wu said.

 

Write to Liza Lin at liza.lin@wsj.com and Allison Prang at allison.prang@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING 1.01% 201.72 Delayed Quote.-4.89%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.34% 7.16473 Delayed Quote.2.69%
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Financials (CNY)
Sales 2020 504 B
EBIT 2020 90 425 M
Net income 2020 148 B
Finance 2020 288 B
Yield 2020 -
P/E ratio 2020 26,1x
P/E ratio 2021 33,5x
EV / Sales2020 7,10x
EV / Sales2021 5,22x
Capitalization 3 863 B
Chart ALIBABA GROUP HOLDING
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Alibaba Group Holding Technical Analysis Chart | BABA | US01609W1027 | MarketScreener
Technical analysis trends ALIBABA GROUP HOLDING
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 54
Average target price 1 846,76 CNY
Last Close Price 1 439,25 CNY
Spread / Highest target 71,3%
Spread / Average Target 28,3%
Spread / Lowest Target -7,30%
EPS Revisions
Managers
NameTitle
Yong Zhang Executive Chairman & Chief Executive Officer
John Michael Evans President & Director
Wei Wu CFO & Head-Strategic Investments
Chung Hsin Tsai Executive Vice Chairman
Yun Ma Director
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