Huami (NYSE:HMI) released its quarterly earnings data on Monday. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.23), Morningstar.com reports. The business had revenue of $93.41 million during the quarter.
Shares of NYSE HMI traded down $0.06 during trading on Wednesday, reaching $10.80. 1,430 shares of the company traded hands, compared to its average volume of 102,461. Huami has a 12-month low of $8.43 and a 12-month high of $12.62.
Separately, Credit Suisse Group initiated coverage on Huami in a research note on Monday, March 5th. They set an “outperform” rating and a $15.40 price objective for the company.
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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