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Benzinga

Business

Avi Kapoor

THE TRUTH ABOUT: These analysts boost their forecasts on alibaba following q1 results - Caught on Camera

Analyst,Woman,Working,With,Information,Database,To,Analyze,Marketing,And

Alibaba Group Holding (NYSE:BABA) posted better-than-expected revenue for the first quarter on Friday.

The company posted quarterly revenue of $34.57 billion, up 2% year-over-year, surpassing the consensus estimate of $34.26 billion. On a like-for-like basis, excluding revenue from the divested Sun Art and Intime businesses, Alibaba’s revenue would have grown 10% year-over-year.

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