Investing.com - Viomi Technology reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Viomi Technology announced earnings per share of 0.51 on revenue of 1.89B. Analysts polled by Investing.com anticipated EPS of 0.2 on revenue of 1.98B.
Viomi Technology shares are up 104.47% from the beginning of the year, still down 44.29% from its 52 week high of 18.90 set on February 22. They are outperforming the Nasdaq which is up 0.57% from the start of the year.
Viomi Technology shares gained 1.14% in pre-market trade following the report.
Viomi Technology follows other major Consumer Cyclical sector earnings this month
Viomi Technology's report follows an earnings beat by Nike on March 18, who reported EPS of 0.9 on revenue of 10.36B, compared to forecasts EPS of 0.7635 on revenue of 11.01B.
Volkswagen 10 Pref ADR had matched expectations on March 16 with first quarter EPS of 1.65 on revenue of 80.17B, compared to forecast for EPS of 1.65 on revenue of 80.17B.
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