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[绝望] Alibaba revenue falls short, unveils $4B buyback
Alibaba Group Holding Ltd. on Wednesday reported a softer-than-expected 28% increase in revenue in its latest quarter, and the Chinese e-commerce giant said it has authorized a $4 billion stock-buyback program.
Shares of the company fell 4.5% to $73.85 in premarket trading. Through its Tuesday close, the stock has risen 14% since its initial public offering price of $68 in September, but it is far from its high of $120, reached in November.
Alibaba said its buyback program will be spread over two years and is primarily to offset dilution from stock-based compensation programs.
The results come amid concern about how China's stock-market correction and slowing economic conditions will impact retail spending.
Alibaba has reported increases in revenue and transaction volume lately, even as it grapples with the transition to mobile and increased scrutiny of its operations in the U.S. and China.
For the quarter ended June 30, revenue grew 28% to $3.26 billion, missing analysts estimates for $3.39 billion.
Revenue growth was expected to be hurt by the effect of a government order earlier this year for all online lottery sales to be suspended, as well as reduced fees from Alibaba's group-buying and flash sales site.
Excluding the impact of the online lottery sales and other items, revenue would have been up 36%, Alibaba said.
Profit surged 148% to $4.97 billion, or $1.92 a share, mainly because of a gain from the deconsolidation of Alibaba Pictures.
Excluding that and other special items, per-share earnings rose 21% to 59 cents a share, edging above analysts' estimates for 58 cents a share, according to Thomson Reuters.
The company's investments in its mobile map, browser and other business units and boosting offline services such food delivery were expected to pressure its profitability in the quarter.
Alibaba said that on its China retail marketplaces, gross merchandise volume for the quarter increased 34% and annual active buyers rose 32% year-over-year.
Meanwhile, mobile transactions continued to grow.
Mobile transactions accounted for 55% of Alibaba's overall transactions, up from 51% in the March quarter and 33% in the prior-year period. The number of active users on Alibaba's mobile platforms grew to 307 million at the end of the quarter from 289 million in March and from 188 million a year ago.
Alibaba announced a deal earlier this week to invest $4.5 billion in Chinese electronics retailer Suning Commerce Group Ltd., its second major investment in a brick-and-mortar business. Investors will likely be seeking more information about the deal on the earnings call Wednesday.
The deal is the latest in a wave of big spending in China by Alibaba and its rivals as they compete to hook up China's masses of smartphone users with services ranging from food delivery to movie ticketing to hitching rides. |
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发表于 2015-8-12 07:39
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