Alibaba Earnings Send BABA Shares Down – but Don't Follow the Crowd
January 29, 2015 at 16:03 PM EST
The Alibaba earnings report was released this morning (Thursday) and investors are panicking. In fact, Alibaba stock dipped as much as 11% this morning. You see, the main culprit today is a slight revenue miss. Alibaba Group Holding Ltd. (NYSE: BABA) reported revenue of $4.2 billion for its fiscal third quarter ending December 2014. Analysts had predicted revenue of $4.45 billion. The post Alibaba Earnings Send BABA Shares Down – but Don't Follow the Crowd appeared first on Money Morning - Only the News You Can Profit From .