Investing.com - Xiaomi reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xiaomi announced earnings per share of 0.2336 on revenue of 85.15B. Analysts polled by Investing.com EPS of 0.1442 on revenue of 78.2B.
Xiaomi 's are down 17% and is trading at 27.15 , still down 4.40% from its 52 week high of 28.40 set on Tuesday, November 24, 2020.
Xiaomi follows other major Technology sector earnings this month
Xiaomi's report follows an earnings beat by NetEase on Thursday, who reported EPS of 1.26 on revenue of 21.97B, EPS of 0.7303 on revenue of 20.76B.
Baozun had missed expectations on Monday with third quarter EPS of 0.1416 on revenue of 2.16B, for EPS of 0.4491 on revenue of 2.07B.
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