(Reuters) – Alibaba Group Holding Ltd’s quarterly revenue fell short of analysts’ expectations, showing signs of a slowdown in the Chinese e-commerce company’s growth during the hard-fought holiday shopping season.
Revenue rose 40 percent to $4.22 billion (2.79 billion pounds) in the December quarter, missing the average analyst estimate of $4.45 billion, according to Thomson Reuters I/B/E/S.
But margins on earnings before interest, taxes, depreciation and amortization bounced back after a decline in the previous quarter to 58 percent from 50.5 percent in the July-September period.
(Reporting by Supantha Mukherjee in Bengaluru and Edwin Chan in San Francisco; Editing by Saumyadeb Chakrabarty)
Alibaba holiday-quarter revenue disappoints
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