Alibaba Group Holding (NYSE:BABA) reported quarterly earnings of $2.57 per share which beat the analyst consensus estimate of $2.24 by 14.73 percent. This is a 22.38 percent increase over earnings of $2.10 per share from the same period last year. The company reported quarterly sales of $31.86 billion which missed the analyst consensus estimate of $32.54 billion by 2.07 percent. This is a 46.42 percent increase over sales of $21.76 billion the same period last year.