Alibaba Stock: China E-Commerce Rivals Alibaba, JD To Report Earnings
Posted on AllSides August 14th, 2024
From The Right
Rival Chinese e-commerce giants Alibaba (BABA) and JD.com (JD) will report June quarter earnings results early Thursday. Shares of both Alibaba and JD stock were lower Wednesday ahead of the report. U.S.-listed shares of both companies remain popular picks among Wall Street analysts, despite prolonged slumps. Here's what to know ahead of the earnings results: Alibaba's report will cover its fiscal first quarter that ended with June. For the quarter, analysts polled by FactSet project Alibaba's adjusted earnings per share decreased 13.6% to 15 yuan per share, or $2.09 per...
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