Huami Corporation (HMI) Misses Q2 EPS by 1c, Revenues Miss

Huami Corporation (NYSE: HMI) reported Q2 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $161 million versus the consensus estimate of $184.71 million.

"I am proud of our teams and our brands that generated revenue growth of 9.5% in the second quarter and 21.1% for the first half of 2020, with the challenges of the worldwide pandemic," said Wang Huang, Chairman and CEO of Huami. "New products introduced in the first half of the year, including smartwatches, ear buds and other smart health devices helped our growth, although the pandemic did alter the magnitude of our and the industry's growth. Interest in our new smart health devices and the recent success in the application of our proprietary health data analysis tools for healthcare insurers and providers give us confidence in our strategy, growth and future guidance."

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

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