Alibaba (BABA) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

This article was originally published on Nasdaq

Alibaba Group Holding Limited BABA reported first-quarter fiscal 2023 non-GAAP earnings of $1.75 per ADS (RMB 11.73), which surpassed the Zacks Consensus Estimate by 16.7%. The figure decreased 29% year over year in RMB terms.Revenues of RMB 205.6 billion ($30.7 billion)