Zepp tumbles as Q3 smartwatch sales dip

Zepp Health

21/11/2022 14:58

** Xiaomi smartwatch maker Zepp Health Corp  ZEPP.N  falls
~4% to $1.27 as Q3 sales plummet amid a broader fall in China
ADRs on fresh COVID curbs in the country
    ** ZEPP Q3 revenue falls ~32% to $169.5 mln from a year
earlier    
    ** Co says the Russia-Ukraine conflict has affected sales in
key European market amid higher logistic costs
    ** U.S.-listed shares of Chinese firms fall as Beijing
clamps down following three COVID-related deaths over the
weekend 
    ** YTD, ZEPP is down ~73% including session moves
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))