Alibaba Earnings Could Offer Clues On Challenging Climate: Why Bearish Signals Loom Over China Stock
BABA(BABA) Benzinga·2024-11-15 05:34
Alibaba Group Holding Ltd BABA BABAF will be unveiling its second-quarter earnings on Friday, before market hours. Wall Street is expecting $2.10 in EPS and $33.95 billion in revenue, per Benzinga Pro data.This comes as the Chinese e-commerce giant faces mounting competition from rivals like JD.com Inc JD and Pinduoduo Holdings Inc PDD, as well as a challenging macroeconomic environment that has tempered consumer spending in China.Still, some analysts are optimistic that Alibaba’s growing international digi ...