ALIBABA SALES MISS, SHARES ARE GETTING CRUSHED
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REUTERS/Herbert Tsang
Jack Ma, chairman and founder of Alibaba.com, attends his firm's launch ceremony at the Hong Kong stock exchange November 6, 2007.
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Revenue at the Chinese e-retailer surged 40% to $4.22 billion. But analysts were expecting $4.42 billion.
The stock is down by around 8% right now.
Earnings, excluding non-recurring items climbed to $0.81 per share, which was much higher $0.74.
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