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Alibaba Misses Profit Forecast Despite 54 Percent Sales Increase

2014-11-04 16:08:57| IT Services - Topix.net

The profit miss was due to share-based compensation expenses and an increase in amortization of intangible assets, the company said. Net income attributable to shareholders fell 38.6 percent year on year to $494 million in its second quarter to Sept.

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