Investing.com - Viomi Technology reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Viomi Technology announced earnings per share of 0.62 on revenue of 1.66B. Analysts polled by Investing.com anticipated EPS of 0.505 on revenue of 1.88B.
Viomi Technology shares are down 57.96% from the beginning of the year, still down 70.16% from its 52 week high of 18.90 set on February 22. They are under-performing the Nasdaq which is up 16.54% from the start of the year.
Viomi Technology shares lost 4.61% 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 Toyota Motor ADR on August 4, who reported EPS of 5.86 on revenue of 72.43B, compared to forecasts EPS of 4.49 on revenue of 67.73B.
Sony ADR had beat expectations on August 4 with first quarter EPS of 1.56 on revenue of 20.57B, compared to forecast for EPS of 1.11 on revenue of 19.56B.
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