Alibaba Shares Slide After It Disappoints on Profit, Curbs Cloud Spinoff
Alibaba : Q2 Non-GAAP EPADS of $2.14 beats by $0.05. Revenue of $30.81B misses by $230M.Alibaba shares slumped 5% after posting financial results.Net cash provided by operating activities was $6,748 million, an increase of 4% compared to the same quarter of 2022. Free cash flow, a non-GAAP measurement of liquidity, was $6,198 million, an increase of 27% compared to the same quarter of 2022.“Under our capital management plan, we are prioritizing investment in technology and innovations for our b
