_alibaba39s-earnings-report-triggers-5-stock-drop-as-net-income-plunges-86-yoy.jpg "Alibaba's Earnings Report Triggers 5% Stock Drop as Net Income Plunges 86% YoY from on margin Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:34
👁 View: 650K times
✓ Published: 15-May-2024
👁 View: 650K times
✓ Published: 15-May-2024
Description:
Alibaba's fourth-quarter revenue beat estimates, but net income plunged 86% year-over-year. Alibaba shares dropped around 5% in premarket trading following the earnings release. The company's core e-commerce business recovered, with revenue up 4% and customer management revenue up 5%. Alibaba focuses on reducing low-margin contracts and growing AI-related products in its cloud division. The company's AI revenue experienced \
Alibaba's fourth-quarter revenue beat estimates, but net income plunged 86% year-over-year. Alibaba shares dropped around 5% in premarket trading following the earnings release. The company's core e-commerce business recovered, with revenue up 4% and customer management revenue up 5%. Alibaba focuses on reducing low-margin contracts and growing AI-related products in its cloud division. The company's AI revenue experienced \
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_u-n-assembly-approves-resolution-granting-palestine-new-rights-and-reviving-its-membership-bid.webp "The U.N. General Assembly voted by a wide margin on Friday to grant new “rights and privileges” to Palestine and called on the Security Council to favorably reconsider its request to become the 194th member of the United Nations.")
⏲ 1:38 👁 3M
_what-is-margin-trading-your-margin-account-explained.webp "Jake Broe")
_what-trading-on-margin-means-and-how-to-use-it-124-the-dough-how.webp "Jazz Wealth Managers")
_how-to-get-started-on-margin-amp-earn-monthly-dividends-passive-income-tips-on-jepi-and-clm.webp "Unconventional Wealth Ideas")
⏲ 14 minutes 39 seconds 👁 10.9K
_margin-buying-basics-124-by-wall-street-survivor.webp "Wall Street Survivor")
_european-companies-in-china-feel-the-squeeze-as-economic-growth-slows-down.webp "European companies operating in China face increasing pressure as China's economic growth slows down and overcapacity issues rise. Profits margins for European firms in China are at an 8-year low, with only 30% reporting higher profits than their global average. The slowing real estate sector and geopolitical tensions have contributed to China's economic downturn. Overcapacity is a major issue, especially in industries like construction, automotive, and engineering. It has led to price drops. Getting paid on time by Chinese clients is also a growing challenge as it became more difficult to enforce contracts versus the prior year.")
_should-i-trade-on-margin-account-what-is-margin-trading.webp "Humbled Trader")
_u-n-assembly-approves-resolution-granting-palestine-new-rights-and-reviving-its-membership-bid.jpg)
_what-is-margin-trading-your-margin-account-explained.jpg)
_what-trading-on-margin-means-and-how-to-use-it-124-the-dough-how.jpg)
_how-to-get-started-on-margin-amp-earn-monthly-dividends-passive-income-tips-on-jepi-and-clm.jpg)
_margin-buying-basics-124-by-wall-street-survivor.jpg)
_european-companies-in-china-feel-the-squeeze-as-economic-growth-slows-down.jpg)
_should-i-trade-on-margin-account-what-is-margin-trading.jpg)
![[+]](/images/menu.gif){kind=small}