Viomi Technology: Falls on Q3 profit, revenue miss

Viomi Technology

25/11/2020 15:17

** Shares of Chinese smart technology company  VIOT.O  down
2.7% at $6.11 
    ** Co posts Q3 adj earnings of 0.79 yuan/share below
estimate of 0.88 yuan/share, according to Refinitiv IBES
 urn:newsml:reuters.com:*:nGNX52Dfy8
    ** Reports Q3 rev 1.48 bln yuan ($225.15 mln) below estimate
of 1.52 bln yuan, according to Refinitiv IBES
    ** Says Q3 total operating expenses rose about 34% to 226.4
mln yuan
    ** Co forecasts 2020 revenue between 5.84 bln yuan- 5.94 bln
below estimate of 6.07 bln yuan, according to Refinitiv IBES
    ** Including the session's decline, VIOT shares are down 24%
so far this year

($1 = 6.5735 Chinese yuan renminbi)

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))