Alibaba (BABA) released its quarterly result on 5 May 2016 before market open.
Alibaba reported revenue of $3.75 billion for its fiscal Q4 ended March
31, beating the Wall Street consensus of $3.58 billion. Sales rose 39%
in local currency year over year, the company’s highest growth rate in
the past four quarters.
Earnings per share minus items rose 88% to 33 cents, but that was far
below the consensus of 55 cents. Costs associated with new businesses
initiatives and rising logistics and order-fulfillment costs weighed on
the company.
Alibaba reported gross merchandise volume (GMV) of $115 billion,
slightly edging the consensus of $112 billion and up 24% year over year.
Transactions through mobile devices accounted for 73% of GMV volume.
The company reported annual active buyers of 423 million, up 16 million
from the prior quarter and up 21% year over year. Monthly mobile active
users reached 410 million, an increase of 17 million from the prior
quarter and up 42% year over year.
Initiated a new iron condor position for BABA (79.10)
SOLD -1 IRON CONDOR BABA 100 20 JAN 17 95/100/65/60 CALL/PUT @1.76
Max Gain = 176 (As long as the BABA stock price stays between 65 and 95 at maturity on 20/01/17)
Max Loss = 324
Adopted a neutral stance for this position.
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