The Climb Continues…

International stocks have been on a run, particularly in China. Well, that run continued today despite mixed results from e-commerce giant Alibaba. 🛒

First up, Alibaba reported adjusted earnings per share of $1.82 vs. the $1.70 expected. However, revenues of $29.12 billion fell short of the $29.60 billion expected as covid lockdowns and regulatory issues hampered the company’s operations.

Investors are used to double-digit revenue growth, but YoY sales increased just 3% in the quarter. With that said, it’s an improvement from the 4% decline last quarter.

Investors appear to be looking ahead despite the macroeconomic uncertainty and covid issues. $BABA shares rallied another 8% today, adding to their strong rally since late October. 💪

Tomorrow morning, we’ll hear from, who investors think experienced similar headwinds.

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FedEx Finally Delivers For Investors

After a rough stint of earnings reports last year, FedEx finally delivered some positive news for investors. Although it did lower the bar quite a bit beforehand, at least it beat those reduced expectations. 🤷

Its fiscal third-quarter earnings per share (EPS) of $3.41 beat the $2.73 expected. However, revenues of $22.17 billion missed the $22.74 billion analyst forecast.

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Lumber Liquidated As Retail Drops It Lowe’s

Walmart, Home Depot, and Target earnings have already sounded the alarm about the health of U.S. consumers. And today, Lowe’s and Lumber Liquidators added to the anxiety with their own earnings misses. 😨

Let’s take a look at what they said. 👀

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Increasing Sales By Force

Salesforce has become a target of activist investors after falling 60% from last year’s highs. However, today’s earnings and revenue beat indicate that the company may be turning a corner. 🤔

The software giant’s adjusted earnings per share of $1.68 and revenues of $8.38 billion beat the expected $1.36 and $7.99 billion. 💪

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Zoom Goes Boom

Shares of the communications technology firm Zoom are rising after fourth-quarter earnings and revenue topped estimates.

Adjusted earnings per share of $1.22 and revenue of $1.12 billion beat the expected $0.81 and $1.10 billion. Annual revenue growth of 4% was its slowest as a public company and well off its pandemic-era highs. 🔻

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