Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why. – Barrons

Alibaba‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. Investors shouldn’t worry too much — it’s not as bad as it might seem on the surface.

Alibaba (ticker: BABA) is expected to report net income of $5.1 billion for the final three months of 2021, based on the estimates of analysts surveyed by FactSet. Profit in that range would compare to $12.3 billion reaped by the e-commerce and cloud computing powerhouse in the same quarter in the year prior year,…

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