Alibaba (BABA) Stock Is Climbing Today on Second Quarter Revenue Jump

NEW YORK (TheStreet) -- Shares of Alibaba Group Holding Ltd. (BABA) are climbing, up 0.02% to $101.82 in pre-market trading, after the online retailer posted a fiscal second quarter revenue jump of 53.7% to $2.75 billion from one year ago, topping the $2.61 billion analysts' expected. 

Alibaba reported earnings of 45 cents per share for the quarter, in line with the consensus estimate.

The Chinese e-commerce company said its fiscal second quarter net income attributable to shareholders fell 38.6% year on year to $494 million, under-performing analyst estimates of $1.17 billion, according to Thomson Reuters.

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The company said gross merchandise volume in the quarter rose 49% from a year ago.

Annual active buyers were up 52% to 370 million, compared to the same period in 2013.

Shares of Alibaba closed at $101.80 on Monday.

BABA Chart BABA data by YCharts

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