REFILE-Alibaba beats revenue estimates for third quarter
ReutersFeb 20, 2025 11:39 AM
Corrects day paragraph 1 to Thursday from Wednesday
Feb 20 (Reuters) - China's Alibaba Group Holding 9988.HK on Thursday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and the success of its strategy to attract cost-conscious consumers.
The company reported revenue of 280.15 billion yuan ($38.58 billion) for the three months ended Dec. 31, compared with the 279.34 billion yuan expected by 17 analysts polled by LSEG.
($1 = 7.2613 Chinese yuan renminbi)
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