![]() The company said that sales for its current fiscal year should rise between 20% and 23% from a year ago. Earnings per share fell 38% from a year ago and were below expectations. Wall Street was expecting revenue of $32.1 billion. Friday’s plunge dragged down Hong Kong’s benchmark Hang Seng Index, which fell 1.1%.Īlibaba’s sales grew 29% last quarter from a year ago, to $31.1 billion. So far this year, Alibaba’s stock has dropped 40%, wiping about $234 billion from the value of the company.
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