Alibaba Rising on FYQ4 Rev Beat; RBC, JP Morgan Hike Targets

ChinaBarrons — Shares of Chinese e-commerce giant Alibaba Group (BABA) are up $3.20, over 4%, at $79.02, after the company this morning reported fiscal Q4 revenue that topped analysts’ expectations, but missed on the bottom line. Revenue in the three months ended in March rose 39% year-over-year to $3.75 billion, or 24.18 billion Renminbi, yielding EPS of 47 cents a share. Analysts had been modeling $3.58 billion and 55 cents a share.

http://blogs.barrons.com/asiastocks/2016/05/05/alibaba-rising-on-fyq4-rev-beat-rbc-jp-morgan-hike-targets/

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