Investing.com - Alibaba (NYSE:BABA) ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Alibaba ADR announced earnings per share of 7.95 on revenue of 204.1B. Analysts polled by Investing.com anticipated EPS of 7.16 on revenue of 199.48B.
Alibaba ADR shares are down 30.71% from the beginning of the year, still down 64.35% from its 52 week high of 230.89 set on June 28, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Alibaba ADR follows other major Consumer Discretionary sector earnings this month
Alibaba ADR's report follows an earnings beat by Panasonic Corp PK on May 11, who reported EPS of 0.1997 on revenue of 15.34B, compared to forecasts EPS of 0.1559 on revenue of 15.34B.
Amazon.com had missed expectations on April 28 with first quarter EPS of -7.56 on revenue of 116.44B, compared to forecast for EPS of 8.35 on revenue of 116.45B.
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