Benzinga | Nov 18, 2021 06:26AM EST

Alibaba Group Holding Q2 ADS $1.74 Misses $1.93 Estimate, Sales $31.15B Miss $32.05B Estimate

Alibaba Group Holding (NYSE:BABA) reported quarterly earnings of $1.74 per share which missed the analyst consensus estimate of $1.93 by 9.84 percent. This is a 34.34 percent decrease over earnings of $2.65 per share from the same period last year. The company reported quarterly sales of $31.15 billion which missed the analyst consensus estimate of $32.05 billion by 2.82 percent. This is a 36.38 percent increase over sales of $22.84 billion the same period last year.