Alibaba Group Holding Ltd (BABA) revealed a profit for its fourth quarter that advanced compared to the same period last year.
The company said its bottom line came in at RMB10.44 billion, or RMB4.35 per share. This was higher than RMB7.56 billion, or RMB2.99 per share, in last year's fourth quarter.
The company said revenue for the quarter rose 59.6% to RMB38.58 billion. This was up from RMB24.18 billion last year.
Alibaba Group Holding Ltd earnings at a glance:
-Earnings (Q4): RMB10.44 Bln. vs. RMB7.56 Bln. last year.-Earnings Growth (Y-o-Y): 38.1%-EPS (Q4): RMB4.35 vs. RMB2.99 last year.-EPS Growth (Y-o-Y): 45.5%-Revenue (Q4): RMB38.58 Bln vs. RMB24.18 Bln last year.-Revenue Change (Y-o-Y): 59.6%
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.