Alibaba Topped Earnings Forecasts But Covid-19 Restrictions Drag on Revenue




Alibaba


missed analysts’ expectations for revenue growth but beat earnings forecasts, sending mixed signals about the resilience of the Chinese e-commerce giant.



Alibaba


(ticker: BABA) on Thursday said its sales for its second fiscal quarter rose 3% to $29.12 billion. Analysts had expected sales of $29.44 billion, according to FactSet. 



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