NEW YORK (TheStreet) -- Shares of Alibaba Group Holding (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report are down 3.64% to $99.19 in midday trading Wednesday, one day ahead of its third quarter fiscal 2015 earnings release before the market opens tomorrow.

Thursday's release will mark its second report following the Chinese company's massive $25 billion initial public offering in September.

Wall Street analysts expect the Chinese e-commerce giant to report a non-GAAP net income of $1.83 billion, or 75 cents per share for the December quarter. Analyst estimates call for revenue of $4.45 billion for the period.

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In November, Alibaba posted quarterly earnings for the July to September period that were in line with expectations, while revenue rose 54% from a year earlier due to online marketing service and commission revenue growth.

Alibaba shares have surged about 50% compared to the IPO price of $68 a share.

BABA data by YCharts

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