Alibaba Group Holding Q3 EPS $3.38 Beats $3.25 Estimate, Sales $33.88B Beat $33.35B Estimate

Alibaba Group Holding (NYSE:BABA) reported quarterly earnings of $3.38 per share which beat the analyst consensus estimate of $3.25 by 4 percent. This is a 29.5 percent increase over earnings of $2.61 per share from the same period last year. The company reported quarterly sales of $33.88 billion which beat the analyst consensus estimate of $33.35 billion by 1.60 percent. This is a 46.10 percent increase over sales of $23.19 billion the same period last year.