LIVE: Alibaba Earnings

Alibaba, the $250 billion Chinese e-commerce giant, is set to announce its first quarterly earnings results since going public on September 19.

Expectations are for the company to report earnings per share of $0.45 on revenue of $2.61 billion, according to data from Yahoo Finance.

Alibaba is set to host a conference call to discuss its results at 7:30 am ET.

On Monday, Alibaba shares closed a new high of $101.80, bringing the stock's post-IPO gains to nearly 50% since the stock priced at $68 ahead of its September debut.

In its first day of trading, shares of Alibaba gained about 38% to close at $93.89, and in pre-market trading on Tuesday ahead of the earnings report, Alibaba shares were up another nearly 3% to around $104.70.

On the day of Alibaba's IPO, the S&P 500 hit a new all-time intraday high of 2,018 early in the session, a level that the benchmark stock index did not regain until Monday, when the S&P hit 2,022 in afternoon trade.

And so while some saw the Alibaba debut as signaling a potential market top, stocks have fought their way back after a roughly 9% sell off in early October.

We'll see how the market takes Alibaba's first public earnings report, but either way we will have full live coverage of the numbers right here when they hit.