Alibaba Group Holding Ltd reported quarterly results which showed net income rising 15.5% to $1.11 billion U.S. for the July-September period, meeting forecasts for the Chinese e-commerce giant's first quarterly report to Wall Street since its record-setting $25-billion U.S. listing.
The non-GAAP net income - which excludes the share-based compensation expenses and amortisation of intangible assets - compared with a consensus estimate of $1.17 billion U.S. based on a Thomson Reuters SmartEstimate poll of 21 analysts.
Revenue rose 53.7% to $2.74 billion U.S., versus expected sales of $2.7 billion U.S., its fastest growth in three quarters. Diluted earnings per share were $0.20 U.S., while non-GAAP diluted earnings per share were $0.45 U.S., up 9.4% year-on-year.
Mobile revenue was more than ten times higher than in the same period last year.
Alibaba shares were down slightly in pre-market trading in New York at $101.00 U.S., from $101.80 U.S. at Monday's close.
Tech Insider
