HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Tuesday reported fiscal second-quarter earnings of $2.95 billion.
On a per-share basis, the Hong Kong-based company said it had profit of $1.23. Earnings, adjusted for one-time gains and costs, were 61 cents per share.
The online retailer posted revenue of $34.81 billion in the period.
Alibaba shares have increased 90% since the beginning of the year. The stock has risen 93% in the last 12 months.
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