Huami Corporation (HMI) Tops Q4 EPS by 3c, Beats on Revenues

Note: EPS may not be comparable

Huami Corporation (NYSE: HMI) reported Q4 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $115.7 million versus the consensus estimate of $107.24 million.

Fourth Quarter 2017 Financial and Operating Highlights

• Revenues reached RMB752.6 million (US$115.7 million), representing an increase of 22.8% from the fourth quarter of 2016.
• Gross margin reached 22.2%, increasing from 20.2% in the fourth quarter of 2016.
• Net income attributable to Huami Corporation was RMB72.3 million (US$11.1 million), up 68.2% from the fourth quarter of 2016.
• Basic and diluted net income per share attributable to ordinary shareholders of Huami Corporation was RMB0.33 (US$0.05) and RMB0.32 (US$0.05), respectively, compared with basic and diluted net income per share of RMB0.18 and RMB0.17, respectively, for the fourth quarter of 2016.
• Pro forma basic and diluted net income per share attributable to ordinary shareholders of Huami Corporation was RMB0.39 (US$0.06) and RMB0.37 (US$0.06), respectively, for the fourth quarter of 2017.[1]
• Adjusted net income attributable to Huami Corporation was RMB86.5 million (US$13.3 million), up 50.8% from the fourth quarter of 2016.
• Total units shipped reached 6.5 million, compared with 6.0 million in the fourth quarter of 2016.
• Mobile App MAUs reached 11.0 million as of December 31, 2017, increased from 8.5 million as of December 31, 2016.

For earnings history and earnings-related data on Huami Corporation (HMI) click here.

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