Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Alibaba Stock Crashed 11% Today

TheMotleyFool

0 0

Shares of Alibaba Group (NYSE: BABA) plunged 10.9% as of 11:25 a.m. EST on Thursday, after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter 2022.

Analysts had forecast Alibaba would earn $1.93 per share pro forma on sales of more than $32 billion for the quarter. Instead, Alibaba reported a profit of just $1.74, and sales of only $31.15 billion.

Image source: Getty Images.

Source Fool.com

Like: 0

BABA

Share