HONG KONG (AP) _ Alibaba Group Holding Ltd. (BABA) on Tuesday reported fiscal third-quarter profit of $12.17 billion.

On a per-share basis, the Hong Kong-based company said it had profit of $4.42. Earnings, adjusted for one-time gains and costs, came to $3.38 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.11 per share.

The online retailer posted revenue of $33.88 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $32.52 billion.

Alibaba shares have risen 14% since the beginning of the year. The stock has increased 27% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BABA

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