• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Alibaba Shares Take Off Nearly 5%, Bolstered by Impressive Fiscal Q1 Earnings

    • Home
    • Trade Ideas
    • Alibaba Shares Take Off Nearly 5%, Bolstered by Impressive Fiscal Q1 Earnings
Aug, 17th 12:36
1456250307-30707-Alibaba-Group-Holding-Ltd--Stock-Update

Shares of Alibaba Group Holding Ltd. shot up nearly 5% in active premarket trade on Tuesday after the Chinese e-commerce company reported fiscal first-quarter profit and sales that easily smashed expectations.

Alibaba shares jumped 4.55% to trade at $166.75 per share as the China-based e-commerce giant said net income for the three-month period to June 30 increased 96% to the equivalent of $2.07 billion. Earnings per share were reported to soared 92% to 83 cents. Excluding non-recurring items, adjusted earnings per share rose 65% from a year ago to hit $1.17 in the quarter ended June.

Driven by growth in online sales, revenue grew 56% to $7.40 billion, well above economists’ forecasts calling for revenue of $7.12 billion. Mobile monthly active users were reported to jump 24% to 529 million.

Trade suggestion

Buy Digital Call Option from 166.80 to 168.00 valid until 20:00 GMT August 17, 2017