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Update: Alibaba Shares Up After Fiscal Q4 Revenue Rises

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(Updates with stock movement in the headline and the first paragraph.)

Alibaba Group Holding (BABA) shares were up 6.5% in Wednesday trading after the company reported revenue that was higher than a year earlier.

The company reported fiscal Q4 adjusted earnings of 0.62 Chinese renminbi ($0.09) per diluted American depositary share, down from 12.52 renminbi a year earlier.

Analysts surveyed by FactSet expected 6.14 renminbi.

Revenue for the quarter ended March 31 was 243.38 billion renminbi, up from 236.45 billion renminbi a year earlier.

Analysts polled by FactSet expected 246.97 billion renminbi.

Price: $143.64, Change: $+8.86, Percent Change: +6.57%

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