Alibaba (NYSE: BABA) Stock Price Hits New High on Earnings Beat – What to Watch Now

The Alibaba Group Holding Ltd. (NYSE: BABA) stock price reached another all-time high of $103.80 today (Tuesday) after the company reported quarterly earnings. Alibaba officials reported earnings per share (EPS) of $0.45, which matched consensus estimates. Revenue was $2.74 billion, which beat estimates of $2.64 billion. Revenue was up 54% from last year. The post Alibaba (NYSE: BABA) Stock Price Hits New High on Earnings Beat – What to Watch Now appeared first on Money Morning - Only the News You Can Profit From .