Entering text into the input field will update the search result below

Alibaba Sales Update: Beating Estimates

Nov. 11, 2014 3:49 AM ETBABA2 Comments
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Many people have asked:

"Will this be a buy the news, sell the rumor event"?

Well... it depends if they beat estimates!

What's different about Alibaba's (BABA) Singles Day sales number is that it isn't a big secret number were waiting to have announced.

They're streaming it in real time.

Live Feed: http://bit.ly/147t7b8

As of 4:30pm Shanghai time sales are 41.8B yuan (or 6.83B USD).

The current run rate is 300M USD per hour vs 360M average

At this rate is tracking towards 9.08B - 9.55B USD Sales

Many articles recently cited estimates of ~8.5B USD as expectation, suggesting a healthy beat.

(YHOO)

-- Jack

Analyst's Disclosure: The author is long BABA, YHOO.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You