Alibaba surges after beating on earnings and boosting its outlook for the year BABA

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Alibaba surges after beating on earnings and boosting its outlook for the year (BABA).


Alibaba on Thursday reported fiscal-second-quarter earnings that were better than analysts had expected, and raised its revenue outlook for the year. 

China's largest ecommerce company reported adjusted earnings per share of 8.57 yuan, topping the forecast for 6.86 yuan according to Bloomberg.



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Alibaba surges
after beating on earnings and boosting its outlook for the year (BABA)
Alibaba surges after beating on earnings and boosting its outlook for the year (BABA)