Alibaba Group Holding Ltd (BABA) revealed earnings for second quarter that declined from last year.
The company's earnings came in at RMB5.37 billion, or RMB1.97 per share. This compares with RMB28.77 billion, or RMB10.48 per share, in last year's second quarter.
Excluding items, Alibaba Group Holding Ltd reported adjusted earnings of RMB30.51 billion or RMB11.20 per share for the period.
The company's revenue for the quarter rose 29.4% to RMB200.69 billion from RMB155.06 billion last year.
Alibaba Group Holding Ltd earnings at a glance:
-Earnings (Q2): RMB30.51 Bln. vs. RMB49.32 Bln. last year.-EPS (Q2): RMB11.20 vs. RMB17.97 last year.-Revenue (Q2): RMB200.69 Bln vs. RMB155.06 Bln last year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.