Alibaba (BABA) Earnings Release Analysis 10 Aug 2023 Pre-Market
@nerdbull1669:
$Alibaba(BABA)$ is scheduled to release its FQ1 2024 report on 10 Aug 2023 (Thursday) before the market open. Alibaba have been trading volatile prior to its earnings. After experiencing astronomical sales growth during 2020-21 due to a COVID-induced pull forward in demand, Alibaba has struggled for topline growth in recent few quarters. The impact from China's ongoing economic woes and regulatory crackdown on the tech sector has affected Alibaba's business. With their management renewed focus on profitability, Alibaba's TTM free cash flow has managed to rebound back up to ~$25B as of FQ4 2023. Alibaba with its huge and significant market penetration of more than 1 billions users, they would be expected to benefit from China's re-opening and any