Tuesday, November 4, 2014

Alibaba Earnings are Out - Good News

Alibaba, ticker symbol BABA, came out with earnings today that helped investors breathe a sigh of relief.  The stock has been a steady performer since going public, and today its results did not disappoint.  Mobile revenue grew by about 10 times the amount of the same time last year and earnings per share met the street estimates.  The stock is up decently today.   Disclosure, I am long BABA and recommend it.

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