Street consensus going into the report was earnings of $0.84 per ADS on revenues of $9.3 billion. Alibaba also revealed that the company has taken a 33% equity stake in Ant Financial over the course of fiscal 2018. Alibaba guided fiscal 2019 revenue growth north of 60 percent, which would mark an acceleration from the 58 percent year-over-year revenue growth seen in fiscal 2018, the company said. If we exclude Ele.me and Cainaio consolidations, revenue growth for Alibaba in fiscal 2019 will exceed 50% while the Street is currently modeling growth of slightly under 40%. So, a massive guide higher on the revenue front especially for a company of the size of Alibaba.

Source: Forbes May 06, 2018 20:37 UTC