Alibaba Group Holding's American depositary receipts reported second-quarter earnings per share of ¥8.52, missing analyst expectations by ¥2.20, according to data released on Thursday.
Revenue for the quarter totaled ¥268.95 billion, topping the consensus estimate of ¥268.34 billion. The earnings miss contrasts with the revenue beat, reflecting weaker profitability despite robust top-line growth.
Alibaba's ADR closed at ¥128.90 in New York trading, down 0.85% over the prior three months but up 9.15% year-over-year. The stock's recent performance follows a mixed earnings report, with investors weighing the revenue upside against the earnings shortfall.
Over the last 90 days, analyst revisions for Alibaba's EPS have been mixed, with five upgrades and four downgrades. InvestingPro rated the company's financial health as "fair performance" in its latest assessment.
The earnings report arrives amid broader scrutiny of China's tech sector, where regulatory and macroeconomic pressures continue to weigh on profitability. Alibaba's ability to balance revenue growth with cost management will remain a key focus for stakeholders.
