Fresh off an IPO, Alibaba reported
revenue of $2.74 billion for Q3 -- up 54% from the year-ago quarter -- but net profits fell below analysts' expectations. Net profits
fell 38.6% year-over-year to $494 million, below the $1.17 billion that analysts predicted. Alibaba attributed the decline to a significant increase in share-based compensation
expense and amortization of intangible assets during the quarter, per the company's earnings release.Read the whole story at TechCrunch »
