Alibaba's Trading Volume Drops 36.74% But Remains Top in Market

Generado por agente de IAAinvest Market Brief
jueves, 8 de mayo de 2025, 8:10 pm ET1 min de lectura
BABA--

On May 8, 2025, Alibaba's trading volume reached 12.55 billion, marking a 36.74% decrease from the previous day. Despite this, Alibaba's stock price rose by 2.08%.

Analysts predict that Alibaba's earnings per share (EPS) for the current quarter will be $1.48, reflecting a 5.7% year-over-year increase. This projection is based on the company's strong performance in its core businesses, which have shown accelerating growth momentum.

Alibaba is expected to report fourth-quarter revenue growth of 6.4% year-on-year to RMB 236.1 billion. This growth is driven by increasing demand for cloud and AI services, which have become key drivers of the company's revenue.

Alibaba's recent financial results have been impressive, with the company generating $38.38 billion in revenue, surpassing analysts' estimates of $38.1 billion. This strong performance is a testament to the company's robust core business growth and its ability to adapt to changing market conditions.

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