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Alibaba Stock Price Soars 11% Today and Will Continue Higher (NYSE: BABA)

The Alibaba stock price soared as much as 10.6% today (Tuesday) to an intraday high of $84.45 after a top- and bottom-line beat on quarterly earnings. For fiscal Q2 2016, Alibaba Group Holding Ltd. (NYSE: BABA) reported earnings per share (EPS) of $0.57 on revenue of $3.5 billion. Consensus estimates called for EPS of $0.54 on $3.35 billion in revenue. But that's not the only reason the Alibaba stock price is climbing today... Tags: Alibaba earnings , Alibaba Stock , Alibaba stock price , Alibaba stock price today , baba , BABA earnings , BABA stock , Baba stock price , NYSE: BABA To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Alibaba Stock Price Soars 11% Today and Will Continue Higher (NYSE: BABA) appeared first on Money Morning - We Make Investing Profitable .
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