HONG KONG (AP) _ Alibaba Group Holding Ltd. (BABA) on Wednesday reported fiscal third-quarter earnings of $4.81 billion.
The Hong Kong-based company said it had profit of $1.84 per share. Earnings, adjusted for one-time gains and costs, were $1.77 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The online retailer posted revenue of $17.06 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $17.26 billion.
Alibaba shares have risen 14 percent since the beginning of the year. The stock has fallen 23 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BABA at https://www.zacks.com/ap/BABA