Huami Corporation (NYSE:HMI) is reporting third quarter financial results on Monday 23rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, HMI is expected to report 3Q20 income of $ 0.40 per share from revenue of $ 342.59 million.
For the full year, analysts anticipate top line of $ 1023.25 million, while looking forward to income of $ 1.07 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 297.24 million ~ $ 304.31 million
Click Here For More Historical Outlooks Of Huami Corporation
Previous Quarter Performance
Huami Corporation communicated income for the second quarter of $ 0.03 per share, from the revenue of $ 160.97 million. The quarterly earnings fell 87.50 percent while revenues swell 8.46 percent compared with the same quarter last year.
According to street consensus, HMI was expected to report 2Q20 income of $ 0.05 per share from revenue of $ 184.71 million. The bottom line results missed street analysts by $ 0.02 or 40 percent, at the same time, top line results fell short of analysts by $ 23.74 million or 12.85 percent.
Stock Performance
Shares of Huami Corporation traded low $ -0.49 or -3.22 percent on Friday, reaching $ 14.73 with volume of 531.10 thousand shares. Huami Corporation has traded high as $ 15.84 and has cracked $ 14.51 on the downward trend
According to the previous trading day, closing price of $ 14.73, representing a 73.94 % increase from the 52 week low of $ 8.75 and a 16.42 % decrease over the 52 week high of $ 18.21.
The company has a market capital of $ 918.41 million and is part of the Technology sector and Scientific & Technical Instruments industry.
Conference Call
Huami Corporation will be hosting a conference call at 7:30 AM eastern time on 23rd November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-888-346-8982 U.S. or +1-412-902-4272 Outside U.S. 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.huami.com
Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the Peoples Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.
