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Alibaba Q4 profit surges

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Christian Fernsby |
Alibaba
Alibaba   Earnings per share was RMB9.84 or $1.47, an increase of 242%

Alibaba Group Holding Limited reported that its net income attributable to ordinary shareholders for the fourth-quarter ended March 31, 2019 was RMB 25.83 billion or $3.85 billion, an increase of 242% from RMB 7.56 billion in the same quarter of 2018.

Earnings per share was RMB9.84 or $1.47, an increase of 242% from RMB2.88 last year.

Non-GAAP earnings per share was RMB8.57 or $1.28, an increase of 50% from RMB5.73 in the previous year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.96 per share for the quarter.

Analysts' estimates typically exclude special items.

But, income from operations was RMB 8.77 billion or $1.31 billion, a decrease of 5% year-over-year mainly due to $250 million settlement of a U.S. federal class action lawsuit.


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