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ALIBABA SALES MISS, SHARES ARE GETTING CRUSHED

Sam RoJan 29, 2015, 17:32 IST

Alibaba shares are getting crushed after the release of the companies Q3 financial results.

Revenue at the Chinese e-retailer surged 40% to $4.22 billion. But analysts were expecting $4.42 billion.

The stock is down by around 8% right now.

Earnings, excluding non-recurring items climbed to $0.81 per share, which was much higher $0.74.

More to come...