Earnings Roundup: Alibaba Beats, Six Flags Disappoints
- August 10th, 2023
- 480 views
Alibaba Group Holding Limited (NYSE: BABA), a global technology and e-commerce giant, reported first-quarter fiscal-year 2024 earnings of $2.40 per share, surpassing the consensus EPS estimate of $2.02. The company's quarterly sales stood at $32.29 billion, exceeding the analysts' projected revenue of $31.20 billion.
$BABA was trading at $98.35 in pre-market, indicating a notable increase of $3.50 (+3.69%).
Shifting focus, Six Flags Entertainment Corporation (NYSE: SIX), a well-known theme park and entertainment company, disclosed a second quarter 2023 earnings of $0.25 per share, falling short of the consensus EPS estimate of $0.78. The company's quarterly sales reached $443.71 million, slightly below the analysts' expected revenue of $459.03 million for the period.
In pre-market, $SIX was trading at $22.00, down $0.85 (-3.72%).
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