===Alibaba (BABA)reported earnings on Wed 7 Feb 24 (b/o)

 

Alibaba misses by $0.15, reports revs in-line; approves $25 bln increase to share repurchase program

• Reports Q3 (Dec) earnings of RMB 18.97 per share, excluding non-recurring items, RMB 0.15 worse than the FactSet Consensus of RMB 19.12; revenues rose 5.1% year/year to RMB 260.35 bln vs the RMB 260.26 bln FactSet Consensus.
  • Free cash flow, a non-GAAP measurement of liquidity, was RMB56,540 million (US$7,963 million), a decrease of 31% compared to RMB81,514 million in the same quarter of 2022.
  • For the quarter ended December 31, 2023, revenue from Taobao and Tmall Group was RMB129,070 million (US$18,179 million), a growth of 2% year-over-year.
  • For the quarter ended December 31, 2023, revenue from Cloud Intelligence Group was RMB28,066 million (US$3,953 million), a growth of 3% year-over-year.
  • For the quarter ended December 31, 2023, revenue from AIDC grew 44% year-over-year to RMB28,516 million (US$4,016 million).
• Our board of directors has approved an increase of US$25 billion to our share repurchase program through the end of March 2027. Following this upsize, we currently have US$35.3 billion available under our share repurchase program through the next three fiscal years.

Earnings this week : Feb 5 - 9, 24 (wk 6)

Monday (Feb 5)

• Morning: AMG APD ALGT CAT CNA EL IDXX MCD NSSC ON SPHR TKR TSN
• Afternoon: ACM AMKR BRBR CBT CHX CHGG COHR CCK FN FMC GBDC HI JJSF KFRC KRC NXPI PLTR  RMBS SPG SSD SKY SYM VRNS VRTX

Tuesday (Feb 6)

• Morning: AGCO AME ARMK ARCB ATHM BP CARR CNC CRNC CHKP CTS CMI DCPH DD LLY ENR FSV FI ULCC IT GEHC HLNE HTZ HIMX INGR J KKR LEA LIN MSGS NJR NVT PJT PDS PINC SCSC ST SPR SPOT TW VVV WAT WFRD WTW XYL
• Afternoon: ATEN AEIS AB AOSL DOX AFG AMGN ARWR AZPN AIZ ATO AZEK CSL CMG CINF CRUS CNO CTSH DHT DIOD DEI ELF EW ENPH EQH ESS EXEL F FTNT FRSH GILD HRB HIW ICHR IEX INSP INTA JKHY KD LUMN MRCY MSTR MODN NBR OI OMC PRU QGEN REXR SIMO SNAP SONO TENB UDR VFC VREX VLTO VSAT VOYA WERN WU YUMC ZWS

Wednesday (Feb 7)

• Morning: ADNT BABA ARCC BERY BG CG CDW CRTO CVS DAY EPC EMR EEFT FOXA GPRE GFF HAIN HLT KMT MAC MSGE MCFT NBIX NYT OMF PAG PFGC PERI RDWR REYN RITM RBLX SMG SLAB TGI TTMI VSH XPO YUM
• Afternoon: ALL ARM ASGN ACLS AZTA BKH CFLT CPA CXW COTY CUZ CSGS EGP EHC ENS NVST EFX EG FAF FR FLT FLNC FORM GL GPRO HMN KN MAT MMS MCK MAA MKSI MC MOH MPWR MUSA NFG NTGR NWSA ORLY OHI OSCR PAYC PYCR PYPL PDM QNST RDN RPD RRR RRX STE STC SU TTGT UBER VKTX DIS WYNN

Thursday (Feb 8)

• Morning: WMS APO MT ARES ARW ABG AZN AXTA BAX BCE BDC BTU BWA CIGI COP CYBR DTE DUK DT GTES HAE HOG HSY NSP ICE IPG ITT K KVUE KIM LSPD LNC LITE MAS MDU NNN PATK PM PBH RL RBC RXO SPGI SNA SWI SPB SAVE TROW TPX TPR THC TDG UAA WMG WEX ZBH
• Afternoon: AFRM ATR BAP BILL BYD CDP CLSK CPRI DOCS DXCM ESE EXPE FE FLO G ILMN LEG MHK MSI MTD MWA NET OMCL ONTO OWL PCTY PEAK PECO PI PINS POWI PRO RAMP REG SPSC STEP SYNA TEX TFII TTWO VRSN

Friday (Feb 9)

• Morning: AMCX CTLT ROAD EMBC ESNT MGA COOP NWL PEP PAA PRLB SXT WPC

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing

New AMZN OPCH FIS UBER TSM ICE positions, Exited CL NATI

Highlights from Q2 2023 filing as compared to Q1 2023:

• New positions in: AMZN (~4.1 mln shares), OPCH (~3.5 mln), FIS (~0.3 mln), UBER (~2.78 mln), TSM (~2.45 mln), ICE (~1.85 mln), ATVI (~1.65 mln), HZNP (~0.5 mln), NVDA (~0.5 mln), BKI (~0.46 mln)
• Increased positions in: BABA (to ~2.95 mln shares from ~1.33 mln shares), DEN (to ~1.68 mln from ~0.25 mln), VST (to ~3.32 mln from ~2.12 mln), J (to ~1.35 mln from ~0.19 mln), HTZ (to ~7.32 mln from ~6.35 mln), DD (to ~4.6 mln from ~4 mln), MSFT (to ~1.52 mln from ~1.05 mln) MU (to ~1.55 mln from ~1.2 mln), AMD (to ~1.2 mln from ~1 mln) IFF (to ~2.65 mln from ~2.55 mln)
• Maintained positions in: BBWI (~13.85 mln shares), AIG (~2.95 mln shares), FERG (~1.28 mln shares)
• Closed positions in: CL (from ~11.05 mln shares) NATI (from ~2 mln), NPWR (from ~1.5 mln), TECK (from ~1.15 mln), CTLT (from ~0.2 mln), HCNE (from ~0.99 mln), CRM (from ~0.8 mln), UNH (from ~0.34 mln)
• Decreased positions in: PCG (to ~54 mln shares from ~59.25 mln shares), GOOGL (to ~1.43 mln from ~4.75 mln), HCA (to ~0.6 mln from ~0.86 mln), EGGF (to ~0.95 mln from ~1.1 mln), DHR (to ~2.6 mln from ~2.75 mln)

Appaloosa Management : top 5 buys in the 4th quarter

David Tepper, founder of Appaloosa Management, disclosed last week that his fund's top five buys during the fourth quarter of 2019 included a new holding in Intelsat SA (NYSE:I) and position boosts in four companies: Alibaba Group Holding Ltd. (NYSE:BABA), Micron Technology (NASDAQ:MU), Energy Transfer LP (NYSE:ET) and Amazon.com Inc. (NASDAQ:AMZN).

A distressed debt specialist, Tepper became interested in the stock market as a young boy watching his father trade stocks in his hometown of Pittsburgh. The Appaloosa fund manger has since earned international reputation for producing some of the highest returns among fund managers on Wall Street.

According to CNBC sources, Tepper announced in May 2019 that he plans to convert Appaloosa into a family office so that he can concentrate on managing the Carolina Panthers NFL football franchise, which he purchased for over $2.27 billion in 2018. As of December 2019, the $3.94 billion equity portfolio contains 22 stocks, with turnover of 13%. The top three sectors in terms of portfolio weight are communication services, consumer cyclical and technology, with weights of 31.53%, 30.05% and 17.39%.

New buy: Intelsat

Appaloosa purchased 2,885,019 shares of Intelsat, giving the stake 0.51% weight in the equity portfolio. Shares averaged $15.33 during the quarter.

The Luxembourg-based telecom company provides diversified communication services to media companies, fixed and wireless telecom operators and data networking service providers. According to GuruFocus, Intelsat's interest coverage and debt ratios underperform over 90% of global competitors, suggesting low financial strength.

Charts 6 months later: 

• Intelsat SA (NYSE:I) is trading over the counter

https://finviz.com/screener.ashx?v=211&t=I,BABA,MU,ET,AMZN&ta=0&p=w&o=-change

Long trade : BABA +8% (11/19)

• Nov. 21:  $184

Alibaba (BABA) reported earnings on Thur 15 Aug 2019 (b/o)

** charts before earnings **

 

** charts after earnings **

Alibaba beats by RMB 2.09, beats on revs

Reports Q1 (Jun) earnings of RMB 12.55 per share, excluding non-recurring items, RMB 2.09 better than the S&P Capital IQ Consensus of RMB 10.46; revenues rose 42.0% year/year to RMB 114.92 bln vs the RMB 111.65 bln S&P Capital IQ Consensus.

Adjusted EBITA for core commerce was RMB41,025 million (US$5,976 million), an increase of 25% year-over-year.

The revs increase was mainly driven by the robust revenue growth of our China commerce retail business, Ele.me (which we consolidated in May 2018) and Alibaba Cloud.

In June 2019, our China retail marketplaces had 755 million mobile MAUs, representing a quarterly net increase of 34 million. Annual active consumers on our China retail marketplaces was 674 million for the 12 months ended June 30, 2019, compared to 654 million for the 12 months ended March 31, 2019.

Cloud computing revenue grew 66% year-over-year to RMB7,787 million (US$1,134 million) during the June 2019 quarter, primarily driven by an increase in average revenue per customer.

Earnings this week : Aug 12 - 16, 19 (wk 33)

Notable earnings reports:

• Barrick Gold (NYSE:GOLD), Sysco (NYSE:SYY), on August 12;
• JD.com (NASDAQ:JD), Tilray (NASDAQ:TLRY),  Grocery Outlet (GO), Huya (HUYA) and Brinker International on August 13; 
•  Myriad Genetics (MYGN), Sundial Growers (SNDL), Canada Goose (GOOS), Cisco Systems (NASDAQ:CSCO), Macy's (NYSE:M), Agilent Technologies (NYSE:A), Luckin Coffee (NASDAQ:LK), Canopy Growth (CGC)
   and Tencent (OTCPK:TCEHY) on August 14; 
• Tapestry (TPR), Nvidia (NASDAQ:NVDA), Alibaba (BABA) and Wal-Mart (WMT), Briggs & Stratton (BGG), Canadian Solar (CSIQ), PagSeguro Digital (PAGS),  Applied Materials (NASDAQ:AMAT), Nio (NYSE:NIO) and Madison Square Garden (NYSE:MSG) on August 15; 
• Deere (NYSE:DE) on August 16.

Alibaba (BABA) reported earnings on Wed 30 Jan 2019 (b/o)

** charts after earnings **

 

Alibaba beats by $0.68, misses on revs

• Reports Q3 (Dec) earnings of RMB 12.19 per share, excluding non-recurring items, RMB 0.68 better than the S&P Capital IQ Consensus of RMB 11.51; revenues rose 41.3% year/year to RMB 117.28 bln ($17.06 bln) vs the RMB 118.52 bln S&P Capital IQ Consensus. 
• Revenue from core commerce increased 40% year-over-year to RMB102,843 million (US$14,958 million).
• Revenue from cloud computing increased 84% year-over-year to RMB6,611 million (US$962 million).
• Revenue from digital media and entertainment increased 20% year-over-year to RMB6,491 million (US$944 million). Revenue from innovation initiatives and others increased 73% year-over-year to RMB1,333 million (US$193 million).
• Annual active consumers on China retail marketplaces reached 636 million, an increase of 35 million from the 12-month period ended September 30, 2018.
• "The profitability of our marketplace-based core commerce business, as measured by adjusted EBITA, was RMB54.3 billion (US$7.9 billion), representing a 31% year-over-year growth. This profitability and US$7.5 billion in free cash flow generated this quarter enable us to continue to invest in other important strategic businesses and technology to support the growth of our ecosystem."

Earnings this week : Jan 28 - Feb. 1, 19 (wk 5)

So far, 22% of the S&P 500 has reported quarterly results.

• A myriad of large/mega cap bellwethers will report quarterly results next week, including Caterpillar on Monday morning and four of the largest technology companies in the world: Apple on Tuesday afternoon, Microsoft and Facebook on Wednesday and Amazon on Thursday.

Earnings confirmed to report this week:

Monday (Jan 28) 

• Morning: BOH CAT
• Afternoon:  AKS BRO CE CR ELS ETH GGG HTLF IBTX JJSF RGA RMBS SANM SSB WHR WSBC WWD

Mon pm/Tue am
https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AKS,BRO,CE,CR,ELS,ETH,GGG,HTLF,IBTX,JJSF,RGA,RMBS,SANM,SSB,WHR,WSBC,WWD,AGN,ALV,AOS,AXE,BIIB,CIT,CVLT,DHR,DOV,EAT,EXP,EXTR,FBP,GLW,GPK,HCA,HOG,HRS,KNX,LLL,LMT,MMM,MTOR,NUE,PCAR,PFE,PHG,PHM,PII,PNR,POL,PPBI,ROK,SAP,UMC,VZ,XRX

Tuesday (Jan 29)

• Morning:  AGN ALV AOS AXE BIIB CIT CVLT DHR DOV EAT EXP EXTR FBP GLW GPK HCA HOG HRS KNX LLL LMT MMM MTOR NUE PCAR PFE PHG PHM PII PNR POL PPBI ROK SAP UMC VZ XRX
• Afternoon: AAPL ALGN AMD AMGN AX BXP CHRW CNI COHR EBAY ILMN JNPR KLAC MSTR MXIM NATI PFG PKG RHI RNR SIMO SLGN SYK TSS UMBF WRB

Tue pm/Wed am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AAPL,ALGN,AMD,AMGN,AX,BXP,CHRW,CNI,COHR,EBAY,ILMN,JNPR,KLAC,MXIM,NATI,PFG,PKG,RHI,RNR,SIMO,SLGN,SYK,TSS,UMBF,WRB,,ADP,ALLY,ANTM,AVY,AXTA,BA,BABA,BEN,CHKP,EVR,GD,HES,IR,IVZ,MCD,NDAQ,OSK,PB,RCL,SC,SIRI,SLAB,SMG,T,TCF,TMO,TUP
Wednesday (Jan 30)

• Morning: ADP ALLY ANTM AVY AXTA BA BABA BEN CHKP EVR GD HES IBN  IR IVZ MCD NDAQ OSK PB RCL SC SIRI SLAB SMG T TCF TMO TUP
• Afternoon:  AFG AGNC ALGT AMP ARCB AXS BDN CACC CACI CLB CMPR CREE CRUS DLB DRE EFII EGOV ESS EZPW FB FICO FLEX GHL HOLX ISBC LLNW LSTR MAA MDLZ MEOH MLNX MSFT MTH MUR MUSA NOW PYPL QCOM RXN SEIC SXI THG TSLA TTEK V WYNN  X

Wed pm/Thur am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFG,AGNC,ALGT,AMP,ARCB,AXS,BDN,CACC,CACI,CLB,CMPR,CREE,CRUS,DLB,DRE,EFII,EGOV,ESS,EZPW,FB,FICO,FLEX,GHL,HOLX,ISBC,LLNW,LSTR,MAA,MDLZ,MEOH,MLNX,MSFT,MTH,MUR,MUSA,NOW,PYPL,QCOM,RXN,SEIC,SXI,THG,TSLA,TTEK,V,WYNN,X,ABC,ABMD,APO,APRN,APTV,BAX,BC,BHGE,BLL,BMS,BX,CELG,CFR,CHTR,CMCO,CMS,CNX,CNXM,COP,CRR,CRS,DWDP,EPD,ETN,FCFS,FLWS,GE,HSY,IIVI,IP,KEM,KEX,KIM,LANC,MA,MAN,MDC,MIXT,MMC,MMP,MNRO,MO,MSCI,NOC,NOK,NS,NVT,OMN,PH,RACE,RDS-A,RFP,RTN,S,SHW,SILC,SNDR,TSCO,UPS,VLO,VLY,WCC,WRK,WRLD,XEL,XYL,YRCW

Thursday (Jan 31)

• Morning:  ABC ABMD APO APRN APTV BAX BC BHGE BLL BMS BX CELG CFR CHTR CMCO CMS CNX CNXM COP CRR CRS DWDP EPD ETN FCFS FLWS GE HSY IIVI IP KEM KEX KIM LANC MA MAN MDC MIXT MMC MMP MNRO MO MSCI NOC NOK NS NVT OMN PH RACE RDS.A RFP RTN S SHW SILC SNDR TSCO UPS VLO VLY WCC WRK WRLD XEL XYL YRCW
• Afternoon:  AFL AJG AMZN CLS CPT CY DECK EMN ENVA EPAY ESL EW EXPO FBHS HAYN KLIC LPLA MATW MCK MOD MTX NFG OTEX PFPT PKI POST SIGI SKYW SYMC WAIR YUMC

 Thur pm/Fri am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFL,AJG,AMZN,CLS,CPT,CY,DECK,EMN,ENVA,EPAY,ESL,EW,EXPO,FBHS,HAYN,KLIC,LPLA,MATW,MCK,MOD,MTX,NFG,OTEX,PFPT,PKI,POST,SIGI,SKYW,SYMC,WAIR,YUMC,AON,BAH,BERY,CI,CVX,CYOU,D,HMC,HON,IDXX,IMO,ITW,JCI,KKR,LYB,MINI,MRK,MSG,OSB,PFS,ROP,SBSI,SF,SNE,SOGO,SOHU,SPG,SPR,VRTS,WETF,WFT,WY,XOM,ZBH

Friday (Feb 1)

• Morning: AON BAH BERY CI CVX CYOU D HMC HON IDXX IMO ITW JCI KKR LYB MINI MRK MSG OSB PFS ROP SBSI SF SNE SOGO SOHU SPG SPR VRTS WETF WFT WY XOM ZBH

According to FactSet, fourth quarter reported earnings per share are up 12% with sales up 6.6%. Fourth quarter earnings are now expected to grow 11% with sales up 6.0%. Roughly 67% have exceeded earnings estimates while 55% have beaten revenue expectations. 59% of companies reporting earnings have traded higher in response.

First quarter EPS are now expected to grow just 0.5% with sales up 6%. For 2019, earnings are expected to grow 6.1% with sales up 5.3%.

Alibaba (BABA) reported earnings Thur 17 Aug 2017 (b/o)

• #15  on 8/16 (just before earnings); vol. 21.3 M
• #15 8/14 - 8/16

** charts before earnings **

 

** charts after earnings **

Alibaba beats by $0.24, beats on revs

• Reports Q1 (Jun) earnings of $1.17 per share, excluding non-recurring items, $0.24 better thanthe Capital IQ Consensus of $0.93; revenue +56% to $7.40 bln vs. $7.16 bln consensus.
  • Revenue from core commerce increased 58% year-over-year to RMB43,027 million (US$6,347 million).
  • Revenue from cloud computing increased 96% year-over-year to RMB2,431 million (US$359 million).
  • Revenue from digital media and entertainment increased 30% year-over-year to RMB4,081 million (US$602 million).
  • Revenue from innovation initiatives and others increased 21% year-over-year to RMB645 million (US$95 million).
  • Annual active consumers (formerly annual active buyers) on China retail marketplaces reached 466 million, an increase of 12 million from the 12-month period ended March 31, 2017.
  • Mobile MAUs on China retail marketplaces reached 529 million in June, an increase of 22 million over March 2017.
  • The number of paying customers of cloud computing business grew to 1,011,000 from 874,000 in the previous quarter. Operating loss from cloud computing was RMB532 million (US$78 million) and adjusted EBITA loss was RMB103 million (US$15 million).
  • "The significant growth in customer management revenue represents the differentiated business value we provide to our customers," said Maggie Wu, Chief Financial Officer of Alibaba Group. "It is our intention to continue investing in long-term growth opportunities, some of which are already delivering significant value to customers and investors."

Alibaba (BABA) reported earnings on Tue 24 Jan 2017 (b/o)

** charts before earnings **

 

** charts after earnings **

 

 Alibaba beats by $0.17, beats on revs; raises FY17 rev growth :

• Reports Q3 (Dec) earnings of $1.30 per share, excluding non-recurring items, $0.17 better than the Capital IQ Consensus of $1.13; rev +54% to $7.67 bln vs. $7.34 bln consensus
  • Revenue from core commerce increased 45% year-over-year to RMB46,576 million (US$6,708 million).
  • Revenue from cloud computing increased 115% year-over-year to RMB1,764 million (US$254 million).
  • Revenue from digital media and entertainment increased 273% year-over-year to RMB4,063 million (US$585 million).
  • Revenue from innovation initiatives and others increased 61% year-over-year to RMB845 million (US$122 million).
  • Mobile MAUs on our China retail marketplaces reached 493 million in December, an increase of 43 million over September, while annual active buyers on our China retail marketplaces reached 443 million, an increase of 4 million from the 12-month period ended in September.
  • The number of paying customers of our cloud computing business grew to 765,000 from 651,000 in the previous quarter. Operating loss from cloud computing was RMB339 million (US$49 million) and adjusted EBITA loss was RMB92 million (US$13 million).
  • Adj. EBITDA +41% to $3.9 bln.
• "The 11.11 Shopping Festival featured Alibaba at its best, integrating commerce, entertainment and social engagement, all happening globally at record scale. We are driving the age of 'New Retail,' which leverages big data and innovation to provide a seamless online and offline experience for nearly half a billion mobile monthly active users. This retail transformation will make it even easier and more efficient for brands and retailers to engage with these consumers anywhere, anytime."
• Co issues upside guidance for FY17, raises FY17 revs to +53% (from +48%) to $23.8 bln vs. $22.28 bln Capital IQ Consensus Estimate.

Alibaba (BABA) reported earnings Thur 11 Aug 2016 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Alibaba beats by $0.11, beats on revs :

• Reports Q1 (Jun) earnings of $0.74 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.63; rev +59% to $4.84 bln vs. $5.57 bln consensus.
• China retail marketplaces revenue was RMB23,383 million (US$3,518 million), an increase of 49% year-over-year; and mobile revenue of China retail marketplaces was RMB17,514 million (US$2,635 million), an increase of 119% year-over-year, representing 75% of our total China retail marketplaces revenue.
• Mobile MAUs in June reached 427 million, an increase of 17 million over March 2016, while annual active buyers on our China retail marketplaces increased to 434 million, a net addition of 11 million annual active buyers from the prior quarter.
• GMV transacted on our China retail marketplaces was RMB837 billion (US$126 billion), an increase of RMB164 billion (US$25 billion), or 24% year-over-year, with mobile GMV accounting for 75% of total GMV.
• Our cloud computing business continued its rapid expansion, with revenue in this quarter increasing 156% year-over-year to RMB1,243 million (US$187 million).
• In the June quarter, we repurchased and canceled ~27 million of our shares for US$2.0 billion, and the partners of Alibaba Partnership, acting collectively, purchased US$400 million of our shares, in a transaction with Softbank.