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BABA-W ADR Stumbles 7.6%
Recommend 34 Positive 60 Negative 35 |
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BABA-W (09988.HK) (BABA.US)'s ADR tumbled 7.6% to US$123.9. After the market closed yesterday (15th), the Company announced its results for the fourth fiscal quarter ended March. Net income surged by 2.79x YoY to RMB12.382 billion, driven by the mark-to-market changes from its equity investments, the increase in income from operations and the decrease in impairment of equity method investments, partly offset by the losses arising from the disposal of subsidiaries. Diluted EPS was RMB0.65, and diluted earnings per ADS were RMB5.17. AAStocks Financial News Website: www.aastocks.com |
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