Viomi Technology down on dismal Q2 results

Viomi Technology

22/08/2022 14:17

** U.S.-listed shares of Chinese home appliances maker Viomi
Technology  VIOT.O  down 3% at $1.50 before the bell 
    ** Company's Q2 net revenue fell to 924.2 million yuan 
($135.05 million) from 1,658.9 million yuan, a year earlier 
    ** Q2 net loss attributable to ordinary shareholders of the
company was 39.6 mln yuan, compared to net income of 46.1 mln
yuan  urn:newsml:reuters.com:*:nPnbQfG6la
    ** VIOT expects Q3 net revenue between 740 mln yuan and 840
mln yuan 
    ** Up to Friday's close, stock had fallen ~36% this year


($1 = 6.8433 Chinese yuan renminbi)

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))