The stock was last up 1.2 percent to $103, off
its highs of the premarket session. Volume was almost 1.8
million shares.
Alibaba posted revenue growth of 53.7 percent. It also said it
was "encouraged by continued improvement of mobile
monetization."
Office Depot Inc climbed 13 percent to $5.75 before the bell
after the office supplies retailer reported its first quarterly
profit after three quarters of losses. It also raised its
adjusted full-year operating income outlook.
On the downside, Michael Kors Holdings Ltd forecast
third-quarter earnings and sales below expectations. It also
announced a $1 billion stock buyback program. The stock fell 6.1
percent to $73.25 in heavy premarket trading.
In the broader market, U.S. stock index futures ticked lower ,
with investors taking a pause following a rally that has taken
major indexes to repeated records, although a sharp decline in
crude oil could weigh on energy shares.
(Editing by Chizu Nomiyama)
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