Alibaba Pictures Shares Soar 23% on Strong Earnings

  Published 1 year ago

Alibaba Pictures Group Ltd. saw a significant 23.4% stock surge following a robust fiscal year report showcasing substantial gains in net income, revenue, and adjusted EBITA growth. The positive results sparked optimism and analyst upgrades.

  • Shares jumped to a March 20 high.
  • Net income rose 28% year over year.
  • Citi affirms a “buy” rating.

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