Company Earnings UpdateAlibaba (NYSE: BABA) 1Q20 Results: EPS Beats Estimates, Strong Revenue Growth Driven by China Marketplaces and Cloud Segment Coresight Research August 18, 2019 Executive Summary Alibaba reported 1Q20 revenue of ¥114.9 billion ($16.7 billion), up 42.0% year over year but below the consensus estimate of ¥115.6 billion. 1Q20 revenue came in below the consensus estimate of ¥115.6 billion, while non-GAAP diluted EPS of ¥12.55 beat the consensus estimate of ¥10.28. The company remains confident to deliver robust growth despite economic uncertainty, given China’s growing middle class, urbanization in lower-tier cities and rapid expansion of digitalization. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: 6.18 Shopping Festival Helps Lift Consumer Sentiment After Recent Lows: China Consumer Survey InsightsBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey InsightsThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsMarket Outlook: US Convenience Store Retailing—Charting New Paths Through Structural Headwinds
