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Alibaba’s Q2 Earnings Report on August 17th - Will it affect the market dynamically?
Alibaba Announcing Earnings Tomorrow. Retail Giant Alibaba to Publish Q2 Earnings.
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Alibaba, the Chinese online retailer, will publish its Q2 Earnings Report tomorrow Thursday, August 17 before the markets open. The analysts forecast Alibaba’s earnings per share (EPS) to increase from last years $0.52 to $0.73 in the second quarter of 2017.
The e-commerce industry has been booming around the globe in all sectors. Alibaba has a large portion of the market as its online sales and profits are higher than Walmart, Amazon and eBay combined.
Alibaba does not appear to be slowing down. Their market capitalization grew to $305 billion in May 2017, and then to $360 billion in June. As of July 2017, the company reached the $409 billion market cap and became the first Asian company to reach the $400 billion barrier.
Do you think Alibaba’s Q2 EPS will be affected?
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What happened in Q2 2016?
| Date & Time | August 11, 2016 @ Before Markets |
|---|---|
| Forecasted EPS / Actual EPS | $0.38 / $0.52 |
| Change in Alibaba Price | Up by $4.45/share (5.09%) |
What happened in Q1 2017?
| Date & Time | May 18, 2017 @ Before Markets |
|---|---|
| Forecasted EPS / Actual EPS | $0.47 / $0.39 |
| Change in Alibaba Price | Down by $4.28/share (3.54%) |
