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Alibaba stock slides 11% on revenue miss, lower guidance

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Benzinga

Why Alibaba Shares Are Falling Today

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Thursday after the company announced worse-than-expected quarterly financial results. Alibaba reported quarterly non-GAAP diluted earnings per ADS of $1.74, which came in below the estimate of $1.93, representing a decrease of 38% year-over-year. The company reported quarterly revenue of $31.15 billion, which came in below the estimate of $32.05 billion. Alibaba expects fiscal 2022 revenue growth between 20% and 23%. Global annual active co

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