HONG KONG (AP) — HONG KONG (AP) — Alibaba Group Holding Ltd. (BABA) on Thursday reported fiscal third-quarter profit of $2.33 billion.
The Hong Kong-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.01 per share.
The online retailer posted revenue of $40.73 billion in the period.
Alibaba shares have declined slightly more than 8% since the beginning of the year. The stock has decreased roughly 6% in the last 12 months.
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