Alibaba shares fall, revenues miss
Alibaba, all-sessions, slides after the company missed analyst estimates for Q3 revenues.
IGTV financial analyst Angeline Ong looks at the reaction even as the Alibaba flagged a rise of $25 billion to its share repurchase program through the end of March 2027.
(AI Video Summary)
Alibaba Q3 earnings miss estimates
Alibaba, a big company in China, recently shared its earnings for the third quarter. Unfortunately, they didn't meet the expectations of how much money they would make. The main reasons for this were the tough retail market and a slow recovery in China overall. This has made people worried about how well the Chinese economy is doing. To try and make people feel better, Alibaba announced that they will be spending $25 billion to buy back some of their own stock.
Graphical stock analysis
If we look at a graph of Alibaba's stock price over time, we can see that it has been going down a lot since 2022. There have been a few times where it almost went up, but it failed and continued going down instead. It will be interesting to see what happens next for Alibaba.
If we zoom in and look at a smaller period of time on the graph, we can see that there is some movement happening. The stock price went up just a little bit, which might mean that things are starting to get better. However, we need to keep watching this graph closely to see if anything important happens or if the company's performance changes.
So overall, Alibaba's earnings weren't as good as people wanted them to be. The stock price has been going down for a while, but there is a small sign that it might go up again. We will have to wait and see what happens next.
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