Alibaba's accounts beat estimates. In the third quarter, the Chinese e-commerce giant recorded a Net income of 3,03 billion yuan (equal to 494 million dollars), down from 4,94 billion in the period July-September 2013. The result is equal to 2,79 yuan per share, higher than the 2,74 expected by analysts.
As for the turnover, closed up 54% year over year on growing online shopping and increased mobile revenue ($606 million).
IERI (Yesterday) Actions they closed at $101,80, up 50% from the $68 of the record $25 billion IPO. Alibaba shares opened down 1,89% to $99,87 today.
“We had a solid quarter, with significant growth in key operating data. Business continues to perform well and results reflect the strength of our ecosystem and the fact that we have a strong foundation for sustainable growth,” commented the CEO, Jonathan Lu.
