From Nasdaq:

Alibaba (NYSE: BABA) stock dropped by almost 4% the day after releasing its fourth-quarter results, which showed a 5% year-over-year increase in revenue but a 2% decrease in net income on a per-ADS basis. The company didn’t provide guidance for the future, but CEO Eddie Wu stated that investment in improving user experiences is planned for the coming year. Despite increasing its share buyback program by $25 billion, investors were unimpressed with the performance of the quarter. The Motley Fool Stock Advisor team does not recommend buying stock in Alibaba Group.



Read more: Why Alibaba Stock Tanked Today