India, May 15 -- Shares of Alibaba Group Holding Ltd. (BABA) slipped over 7 percent on Thursday morning after the company reported its fourth-quarter results, with profit increasing from last year but missing Street estimates.
BABA is currently trading at $123.83, down $10.22 or 7.62%, on the Nasdaq. The stock opened its trading at $126.24 after closing Wednesday at $134.05. The stock has traded between $71.80 and $148.43 in the past 52-week period.
The company's bottom line totaled RMB11.973 billion, or RMB5.17 per share. This compares with RMB919 million, or RMB1.30 per share, last year.
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Excluding items, Alibaba Group Holding Ltd reported adjusted ear...