Alibaba Group Holding (NYSE:BABA) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.85 by 31.89 percent. This is a 38.83 percent decrease over earnings of $2.06 per share from the same period last year. The company reported quarterly sales of $39.639 billion which beat the analyst consensus estimate of $38.630 billion by 2.61 percent. This is a 14.66 percent increase over sales of $34.571 billion the same period last year.