Investing.com - Xiaomi reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xiaomi announced earnings per share of 0.311 on revenue of 76.88B. Analysts polled by Investing.com EPS of 0.1809 on revenue of 71.42B.
Xiaomi 's are up 15% and is trading at 28.15 , still down 21.59% from its 52 week high of 35.90 set on Tuesday, January 5, 2021.
Xiaomi follows other major Technology sector earnings this month
Xiaomi's report follows an earnings beat by Tencent Holdings on Thursday, May 20, 2021, who reported EPS of 4.92 on revenue of 135.3B, EPS of 3.49 on revenue of 134.05B.
Kuaishou Technology had missed expectations on Monday with first quarter EPS of -24.53 on revenue of 20.55B, for EPS of -1.91 on revenue of 20.51B.
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