Investing.com - Alibaba (NYSE:BABA) ADR reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Alibaba ADR announced earnings per share of 22.03 on revenue of 221.08B. Analysts polled by Investing.com anticipated EPS of 20.59 on revenue of 214.17B.
Alibaba ADR shares are up 13.73% from the beginning of the year and are trading at 264.69 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Alibaba ADR follows other major Services sector earnings this month
Alibaba ADR's report follows an earnings beat by Visa A on Thursday, who reported EPS of 1.42 on revenue of 5.69B, compared to forecasts EPS of 1.28 on revenue of 5.52B.
Netflix had missed expectations on Tuesday, January 19, 2021 with fourth quarter EPS of 1.19 on revenue of 6.64B, compared to forecast for EPS of 1.36 on revenue of 6.62B.
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