Investing.com - Viomi Technology reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Viomi Technology announced earnings per share of ¥0.57 on revenue of ¥1.68B. Analysts polled by Investing.com anticipated EPS of ¥0.51 on revenue of ¥1.32B.
Viomi Technology shares are down 28.11% from the beginning of the year, still down 46.48% from its 52 week high of ¥10.80 set on November 20, 2019. They are under-performing the Nasdaq which is up 27.11% from the start of the year.
Viomi Technology shares lost 8.54% in intra-day trade following the report.
Viomi Technology follows other major Consumer Cyclical sector earnings this month
Viomi Technology's report follows an earnings matched by Louis Vuitton ADR on July 26, who reported EPS of ¥0.24 on revenue of ¥9.18B, compared to forecasts EPS of ¥0.24 on revenue of ¥9.18B.
Toyota Motor ADR had beat expectations on August 6 with first quarter EPS of ¥1.08 on revenue of ¥43.6B, compared to forecast for EPS of ¥0.09 on revenue of ¥41.38B.
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