China's Viomi Technology rises as revenue beats estimates

Viomi Technology

26/03/2020 11:22

** Shares of Chinese smart technology company  VIOT.O  surge
11% to $5.3 premarket on strong Q4 revenue
    ** VIOT posts Q4 revenue of RMB 1.74 billion ($245.75
million), beating Refinitiv IBES estimate of RMB 1.4 BLN
    ** Company expects Q1 2020 revenue to be flat compared to Q1
of 2019
    ** Announces $10 mln share repurchase plan 
    ** Up to Wednesday's close, VIOT shares had lost 41% this
year
    

($1 = 7.0804 Chinese yuan renminbi)

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))