Investing.com - Xiaomi reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xiaomi announced earnings per share of 0.18 on revenue of 85.58B. Analysts polled by Investing.com anticipated EPS of 0.167 on revenue of 82.55B.
Xiaomi shares are down 21% from the beginning of the year and are trading at 14.78 , down-from-52-week-high.They are under-performing the Hang Seng which is down 5.32% from the start of the year.
Xiaomi follows other major Information Technology sector earnings this month
Xiaomi's report follows an earnings missed by Xinyi Solar on February 28, who reported EPS of 0.21 on revenue of 7.99B, compared to forecasts EPS of 0.28 on revenue of 7,415M.
Lenovo Group had beat expectations on February 23 with third quarter EPS of 0.055 on revenue of 20.13B, compared to forecast for EPS of 0.0475 on revenue of 19.37B.
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