Alibaba Group Holding (NYSE:BABA) reported quarterly earnings of $1.01 per share which missed the analyst consensus estimate of $1.73 by 41.62 percent. This is a 65.53 percent decrease over earnings of $2.93 per share from the same period last year. The company reported quarterly sales of $40.732 billion which missed the analyst consensus estimate of $41.260 billion by 1.28 percent. This is a 6.13 percent increase over sales of $38.381 billion the same period last year.