alibaba-sales-miss-shares-getting-crushedAlibaba shares are getting crushed after the release of the company’s third-quarter financial results. Revenue at the Chinese e-retailer surged 40% to $4.22 billion. But analysts were expecting $4.42 billion.The stock is trading near $89 per share, down by about 9.5%. Earnings, excluding nonrecurring items, climbed to $0.81 per share, which was much higher than the $0.74 expected by analysts. “Gross merchandise volume across our China retail marketplaces grew 49% year on year, and our annual active buyers increased to 334 million in 2014, an increase of 45% year on year,” CEO Jonathan Lu said. “Our unrivaled leadership and momentum in mobile continued — we added 48 million active users sequentially and delivered over US$1 billion in mobile revenue during the quarter.” All of the business stats at Alibaba are pointing up, and the excited tone among company executives is arguably justified. More