HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Friday reported fiscal second-quarter profit of $6.25 billion.
The Hong Kong-based company said it had profit of $2.59 per share. Earnings, adjusted for non-recurring gains, were $2.15 per share.
The online retailer posted revenue of $33.7 billion in the period.
Alibaba shares have increased 17% since the beginning of the year. The stock has climbed 8% in the last 12 months.
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