Alibaba Misses Revenue Estimates; Boosts Buyback by $25 Billion
Alibaba : Q3 Non-GAAP EPS of $2.67 beats by $0.03. Revenue of $36.67B beats by $270M.Alibaba shares jumped over 4% on the news.“Alibaba Group delivered a healthy quarter with revenue growth of 5% year-over-year. We increased our investment in strategic priorities and improved shareholder return by leveraging our strong balance sheet and cash flow. Our board of directors approved an increase of US$25 billion to our share repurchase program, demonstrating our confidence in the outlook of our busi