HONG KONG (AP) _ Alibaba Group Holding Ltd. (BABA) on Wednesday reported fiscal fourth-quarter earnings of $3.85 billion.
The Hong Kong-based company said it had net income of $1.47 per share. Earnings, adjusted for one-time gains and costs, came to $1.28 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The online retailer posted revenue of $13.93 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $13.51 billion.
Alibaba shares have risen 28% since the beginning of the year. The stock has declined 12% 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