Huami (HMI) Announces Quarterly Earnings Results

Huami (NYSE:HMI) posted its quarterly earnings results on Monday, March 26th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.74), reports. The firm had revenue of $115.68 million for the quarter.

NYSE:HMI traded down $0.03 during midday trading on Thursday, hitting $9.63. 34,476 shares of the company were exchanged, compared to its average volume of 265,967. Huami has a fifty-two week low of $9.16 and a fifty-two week high of $12.62.

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Separately, Credit Suisse Group began coverage on shares of Huami in a report on Monday, March 5th. They issued an “outperform” rating and a $15.40 price objective on the stock.

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Huami Company Profile

Huami Corporation develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It offers smart bands, watches, scales, and related accessories under the Xiaomi brand names. The company was founded in 2013 and is headquartered in Hefei, China.

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