Alibaba Rises 3% After Profit Beat Despite Sales Miss
Alibaba’s latest earnings report brought mixed news, with the company exceeding profit expectations but missing slightly on sales targets. Despite the revenue miss, shares rose 3% in premarket trading, signaling investor confidence in the company’s future profitability. Strong Profit Performance Boosts Investor Sentiment The Alibaba profit beat showcased the company’s strong financial management. Alibaba reported