$Alibaba(BABA)$Q4 FY2022 earnings report is expected before market opens later today (26 May).
Over the past year, Alibaba's performance has been adversely impacted by the economic fallout from China's Covid zero policy and Beijing's crackdown on big tech companies.
Though analysts revenue is expected to grow 6.5% YOY albeit the slowest pace in 3 1/2 years, adjusted earnings is expected to fall 40.7% YOY.
Hence, today's results is eagerly awaited to see whether Alibaba is able to prevent further deterioration of its financial performance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Good or bad
Nice
K
Ok