Investing.com - Xiaomi reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xiaomi announced earnings per share of 0.323 on revenue of 87.79B. Analysts polled by Investing.com anticipated EPS of 0.2181 on revenue of 84.44B.
Xiaomi shares are down 23% from the beginning of the year and are trading at 25.35 , down-from-52-week-high.They are under-performing the Hang Seng which is down 5.64% from the start of the year.
Xiaomi follows other major Technology sector earnings this month
Xiaomi's report follows an earnings beat by Tencent Holdings on Wednesday, August 18, 2021, who reported EPS of 4.39 on revenue of 138.26B, compared to forecasts EPS of 3.35 on revenue of 138.55B.
Baidu had beat expectations on Thursday, August 12, 2021 with second quarter EPS of 2.31 on revenue of 37.66B, compared to forecast for EPS of 1.97 on revenue of 37.39B.
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