India, Feb. 20 -- E-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday significantly higher profit in its third quarter with increased revenues.
In pre-market activity on the NYSE, Alibaba shares were gaining around 7 percent to trade at $134.44.
For the third quarter, net income attributable to ordinary shareholders was RMB48.95 billion or $6.71 billion, higher than prior year's RMB14.43 billion.
Earnings per share were RMB2.55 or $0.35, compared to RMB0.71 last year. Earnings per ADS was RMB20.39 or $2.79, higher than prior year's RMB5.65.
Adjusted net income was RMB51.07 billion or $7.00 billion, compared to RMB47.95 billion in the same quarter of 2023.
Adjusted earnings per share was RMB2.67 or $0.37, compared to R...