Alibaba Stock: A Huge Dividend Surprise And Strong Earnings (NYSE:BABA)


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David Becker Article Thesis Alibaba Group Holding Limited (NYSE:BABA)(OTCPK:BABAF) reported its most recent quarterly earnings results on Thursday morning. The company beat profit estimates, and yet, the market's reaction wasn't positive, as BABA's stock slid by 8%. The company also announced a dividend, albeit a small one. What Happened? Alibaba Group Holding announced its earnings results for the fiscal second quarter on Thursday, prior to the market's opening. The headline numbers can be seen in the following screenshot from Seeking Alpha: Seeking Alpha We see that the company beat profit estimates by around 2%, while the company missed the revenue...