Investing.com - Xiaomi (OTC:XIACF) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xiaomi announced earnings per share of ¥0.21 on revenue of ¥60.03B. Analysts polled by Investing.com anticipated EPS of ¥0.1 on revenue of ¥57.27B.
Xiaomi shares are up 77.74% from the beginning of the year, still down 0.10% from its 52 week high of ¥19.18 set on August 26. They are outperforming the EUR/USD which is down 0% from the start of the year.
Xiaomi follows other major Services sector earnings this month
Xiaomi's report follows an earnings beat by Alibaba on August 20, who reported EPS of ¥2.07 on revenue of ¥172.15B, compared to forecasts EPS of ¥1.91 on revenue of ¥163.55B.
Meituan Dianping had beat expectations on Friday with second quarter EPS of ¥0.41 on revenue of ¥27.71B, compared to forecast for EPS of ¥-0.03 on revenue of ¥25.55B.
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