$Alibaba(BABA)$ Earning Expectation Alibaba's upcoming fiscal Q3 2024 earnings have sparked anticipation, particularly as analysts forecast mixed results influenced by both strengths and challenges in its business segments. Despite headwinds in China's macroeconomic environment and slowing e-commerce growth, Alibaba’s strong foothold in the cloud computing market and its expansion into AI-driven solutions are seen as potential positives for revenue. Q3 2024 earnings release could bring positive surprises, particularly given recent favorable developments in its core business and external environment. Analysts expect Alibaba to report earnings of around $2.67 per share on revenue of $36.7 billion, representing a modest revenue increase year-over-yea
Tencent Beats! Can Alibaba Deliver Surprise Earnings?
Chinese technology giant Tencent Holdings posted on Wednesday a 8% rise in third-quarter revenue, extending momentum in its gaming business, while growth in its fintech segments softened amid China's economic headwinds. Alibaba will release earnings reports on Friday. Which company do you favor?
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