Investing.com - Viomi Technology reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viomi Technology announced earnings per share of 0.11 on revenue of 1.33B. Analysts polled by Investing.com anticipated EPS of 0.01 on revenue of 1.3B.
Viomi Technology shares are down 26.03% from the beginning of the year, still down 82.80% from its 52 week high of 10.41 set on April 1, 2021. They are under-performing the Nasdaq which is down 9.13% from the start of the year.
Viomi Technology shares lost 0.56% in intra-day trade following the report.
Viomi Technology follows other major Consumer Discretionary sector earnings this month
Viomi Technology's report follows an earnings beat by Nike on March 21, who reported EPS of 0.87 on revenue of 10.87B, compared to forecasts EPS of 0.7126 on revenue of 10.6B.
Volkswagen 1/10 ADR had missed expectations on March 10 with first quarter EPS of 0.8718 on revenue of 69.79B, compared to forecast for EPS of 0.8751 on revenue of 69.78B.
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