To The Moon

Earnings Flash (BABA) Alibaba Posts Fiscal Q2 Adjusted EPS 4.36 Renminbi per ADS, vs. FactSet Est of 6.03 Renminbi

Alibaba Group Holding reported fiscal Q2 non-GAAP earnings Tuesday of 4.36 renminbi per diluted American depositary share, down from 15.06 renminbi a year earlier.Analysts polled by FactSet expected 6.03 renminbi.Revenue for the quarter ended Sept. 30 was 247.80 billion renminbi, compared with 236.50 billion renminbi a year earlier.Analysts surveyed by FactSet expected 243.75 billion renminbi.The company's shares were up more than 4% in recent Tuesday premarket activity.

SAP posted higher revenue and profit in the third quarter boosted by artificial-intelligence demand, and raised its full-year outlook.Reporting on a non-IFRS basis, the German business-software company said total revenue rose 9% to 8.47 billion euros . Revenue from cloud and software climbed to EUR7.43 billion from EUR6.68 billion a year earlier.Chief Executive Christian Klein said a significant number of the company's cloud deals in the quarter included AI-use cases.Profit after tax increased to EUR1.44 billion from EUR1.35 billion. Operating profit, which is more closely watched for software companies, jumped 27% to EUR2.24 billion.SAP, like other European software companies, presents its figures as two sets of numbers. One set is based on the International Financial Reporting Standards, an international accounting method that seeks to provide a global reporting standard, though analysts and investors tend to follow SAP's non-IFRS numbers, which exclude restructuring expenses and acq

US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader economy.The Conference Board’s gauge of sentiment de