UPDATE: Huami Corporation (HMI) Tops Q1 EPS by 12c, Beats on Revenues
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Huami Corporation Reports First Quarter 2018 Unaudited Financial Results
May 21, 2018 5:45 AM EDTRevenues up 77.0% Year-over-Year to RMB585.9 Million, Exceeding Guidance Range
BEIJING, May 21, 2018 /PRNewswire/ -- Huami Corporation ("Huami" or the "Company") (NYSE: HMI), a biometric and activity data-driven company with significant expertise in smart wearable technology, today announced its unaudited financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Financial and Operating Highlights
Revenues1 reached RMB585.9 million (US$93.4 million), representing an increase of 77.0% from the first quarter of 2017. Gross margin reached 25.0%, increasing from 22.3% in the first quarter of 2017.... More