Investing.com - Xiaomi reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Xiaomi announced earnings per share of 0.03 on revenue of 78.06B. Analysts polled by Investing.com EPS of 0.2022 on revenue of 78.82B.
Xiaomi 's are down 37% and is trading at 20.70 , still down 42.34% from its 52 week high of 35.90 set on Tuesday, January 5, 2021.
Xiaomi follows other major Information Technology sector earnings this month
Xiaomi's report follows an earnings beat by SMIC on Thursday, November 11, 2021, who reported EPS of 0.04 on revenue of 1.42B, EPS of 0.0363 on revenue of 1.39B.
ZTE Corp-H had beat expectations on Monday, October 25, 2021 with third quarter EPS of 0.38 on revenue of 30.75B, for EPS of 0.3067 on revenue of 28.84B.
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