Alibaba will report its fiscal third quarter earnings on Thursday morning. This is the second earnings report for Alibaba since its initial public offering in September.
The stock rose more than 4% in early November when Alibaba announced sales for its second quarter that topped forecasts.
For the current quarter, analysts are expecting that Alibaba will report revenue of $4.4 billion, a 43% increase from a year ago. Wall Street is forecasting a profit of 44 cents a share, nearly 30% higher than a year ago.
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