Investing.com - Alibaba (NYSE:BABA) saw shares fall sharply in pre-market trade on Thursday, after the Chinese e-commerce giant reported lackluster fourth quarter earnings ahead of the opening bell.
Alibaba reported earnings of 81 cents per share, compared to expectations for earnings of 74 cents per share.
The company's revenue totaled $4.22 billion, missing forecasts for sales of $4.42 billion.
"We delivered a strong quarter with significant growth across our key operating metrics," said Jonathan Lu, chief executive officer of Alibaba Group.
Shares in Alibaba tumbled 6.66% in pre-market trade to $92.89 from a closing price of $98.45 on Wednesday.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.45% at the open, the S&P 500 futures pointed to a rise of 0.4%, while Nasdaq 100 futures tacked on 0.2%.