Viomi Technology Co., Ltd (NASDAQ:VIOT) is expected to report third quarter earnings results, before market open, on Wednesday 25th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.13 per share.
Looking ahead, the full year income are expected at $ 0.49 per share on the revenues of $ 921.42 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 198.16 million ~ $ 205.23 million
Previous Quarter Performance
Viomi Technology Co., Ltd posted income for the second quarter of $ 0.02 per share, from the revenue of $ 238.41 million. The quarterly earnings decreased 89.47 percent while revenues increased 43.82 percent compared with the same quarter last year.
According to street consensus, VIOT was expected to report 2Q20 income of $ 0.10 per share from revenue of $ 190.37 million. The bottom line results missed street analysts by $ 0.08 or 80 percent, at the same time, top line results outshined analysts by $ 48.04 million or 25.24 percent.
Shares of Viomi Technology Co., Ltd traded up $ 0.15 or 2.45 percent on Tuesday, reaching $ 6.28 with volume of 309.90 thousand shares. Viomi Technology Co., Ltd has traded high as $ 6.30 and has cracked $ 6.00 on the downward trend
According to the previous trading day, closing price of $ 6.28, representing a 45.95 % increase from the 52 week low of $ 4.20 and a 34.09 % decrease over the 52 week high of $ 9.30.
The company has a market capital of $ 438.00 million and is part of the Technology sector and Consumer Electronics industry.
Viomi Technology Co., Ltd will be hosting a conference call at 7:30 AM eastern time on 25th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-888-346-8982 Toll Free, (United States) or +1-412-902-4272 (International), and the passcode is 10149971 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.viomi.com.cn
Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the Peoples Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising washing machines, water heaters, smart water kettles, robot vacuum cleaners, smart locks and other smart devices, and others. It also provides a suite of complementary consumable products; and value-added services.