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Alibaba: Fiscal 3Q Earnings Snapshot

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.

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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