Xiaomi Stock: Profit Soars 81% But Shares Drop on Revenue Miss

TLDR Third quarter revenue reached 113.1 billion yuan ($15.90 billion), up 22.3% year-over-year Revenue missed analyst forecasts of 116.5 billion yuan Net profit jumped 80.9% to 11.3 billion yuan, beating expectations Stock declined 2.81% despite profit growth Shares up 18.2% year-to-date through Tuesday’s close Xiaomi delivered mixed third quarter results as revenue growth failed to [...]

The post Xiaomi Stock: Profit Soars 81% But Shares Drop on Revenue Miss appeared first on Blockonomi.