Viomi Technology Co., Ltd (NASDAQ:VIOT) is set to announce second quarter earning results on Monday 24th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, VIOT is expected to report 2Q20 income of $ 0.10 per share from revenue of $ 190.37 million.
For the full year, analysts anticipate top line of $ 811.26 million, while looking forward to income of $ 0.47 per share bottom line.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 176.53 million ~ $ 180.77 million
Click Here For More Historical Outlooks Of Viomi Technology Co., Ltd
Previous Quarter Performance
Viomi Technology Co., Ltd posted income for the first quarter of $ 0.04 per share, from the revenue of $ 108.11 million. The quarterly earnings fell 63.64 percent while revenues raised 10.04 percent compared with the same quarter last year. According to street consensus, VIOT was expected to report 1Q20 income of $ 0.08 per share from revenue of $ 101.57 million. The bottom line results missed street analysts by $ 0.04 or 50 percent, at the same time, top line results outshined analysts by $ 6.54 million or 6.44 percent.
Stock Performance
Shares of Viomi Technology Co., Ltd traded high $ 0.15 or 2.43 percent on Saturday, reaching $ 6.32 with volume of 175.80 thousand shares. The stock opened positive for the day at $ 6.20, after closing the previous day trading at $ 6.17.
According to the previous trading day, closing price of $ 6.17, representing a 46.90 % increase from the 52 week low of $ 4.20 and a 42.87 % decrease over the 52 week high of $ 10.80.
With respect to the key metrics, Viomi Technology Co., Ltd stock has advanced $ 0.44 or 7.00 percent, reaching $ 5.88 during the simple moving average (SMA) period of 200 days. Similarly, the stock has decreased $ -0.07 or -1.00 percent, before arriving at $ 6.39 during the SMA50-day period.
The company has a market capital of $ 441.50 million and is part of the Technology sector and Consumer Electronics industry.
Conference Call
Viomi Technology Co., Ltd will be hosting a conference call at 8:00 AM eastern time on 24th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1-888-346-8982 (United States) or +1-412-902-4272 Outside U.S., with passcode : 10147261 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website https://edge.media-server.com/mmc/p/kw2ktv47
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.
