Company Earnings Update 3 minutesRegister for Free AccessAlibaba (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? Register for a free user account. This document was generated for Other research you may be interested in: October 2024 US Retail Sales: Nonstore Retailers Lead as Growth AcceleratesRetail Around the World: Coresight Research Observations, 2Q23Innovator Profile: Pi-xcels Eliminates Paper Receipts While Engaging Brick-and-Mortar ShoppersUS Consumer Tracker: More Consumers Get Out and About
