Name: Alibaba (BABA) Earnings: A Harsh Correction?
Uploaded: 2024-05-15T15:39:30.745
Duration: 5 min 42 s
Description: Alibaba (BABA) had a harsh correction due to year-to-date stock price run-up, notes Engin Kose. He and Anthony Sassine discuss Alibaba’s earnings. Sassine highlights that the bottom line miss culprit appears to be a swing in “interest and investment income.” They talk about how Alibaba repurchased $12.5B of shares during FY24. Tune in to find out more about the stock market today.

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Alibaba (BABA) had a harsh correction due to year-to-date stock price run-up, notes Engin Kose. He and Anthony Sassine discuss Alibaba’s earnings. Sassine highlights that the bottom line miss culprit appears to be a swing in “interest and investment income.” They talk about how Alibaba repurchased $12.5B of shares during FY24. Tune in to find out more about the stock market today.

Alibaba (BABA) Earnings: A Harsh Correction?

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