Alibaba Drops 10% On Lower Earnings Below View

Shares of Alibaba Group Holding Limited (BABA) are down more than 10% in the morning trade on Thursday following fourth quarter results, that came in below analysts' view.

Net income in the fourth quarter declined to RMB3.377 million or $524 million compared with RMB26.524 billion a year ago.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More