Viomi Tech falls on weaker Q3 revenue forecast

Viomi Technology

25/08/2021 19:01

** U.S.-listed shares of Chinese home appliances maker Viomi
Technology  VIOT.O  down 10.8% at $5.03 after Q2 results
    ** Co among top pct losers on the Nasdaq 
    ** VIOT sees Q3 net revenue between 1 bln yuan ($154.43 mln)
and 1.1 bln yuan, below est of 1.82 bln - Refinitiv IBES
    ** Expects sales of Xiaomi-branded sweeper robots to
decrease from Q3  urn:newsml:reuters.com:*:nGNX6CNWMX
    ** Q2 total net revenue falls around 1.5% to 1.66 bln yuan 
    ** Adj net income attributable to ordinary shareholders
rises 44.9% to 59.5 mln yuan 
    ** Shares down ~4% YTD 


($1 = 6.4756 Chinese yuan renminbi)

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))