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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 3.25% 213.2 Delayed Quote.-2.61%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.30% 7.1041 Delayed Quote.2.56%
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Financials
Sales 2020 504 B 70 966 M 70 966 M
Net income 2020 148 B 20 850 M 20 850 M
Net cash 2020 288 B 40 527 M 40 527 M
P/E ratio 2020 26,7x
Yield 2020 -
Capitalization 3 951 B 554 B 557 B
EV / Sales 2019
EV / Sales 2020 7,27x
Nbr of Employees 117 600
Free-Float 66,4%
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Technical analysis trends ALIBABA GROUP HOLDING
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 53
Average target price 1 855,48 CNY
Last Close Price 1 472,37 CNY
Spread / Highest target 67,5%
Spread / Average Target 26,0%
Spread / Lowest Target -9,39%
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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