alibaba
reported better-than-expected earnings for the final three months of 2022, although the low revenue growth rate underscores the severity of the prolonged Covid-19 lockdown for the Chinese tech company.
alibaba
(ticker: BABA) reported earnings of $2.6 billion per U.S. Depository Receipt—a reference to the company’s U.S.-listed stock—on revenue of $35.9 billion, up 2 % on a year-over-year basis, for the December quarter. Earnings beat analysts’ earnings expectations of $2.43 per share, with sales roughly matching estimates.
