Xiaomi (XIACF) Projected to Post Quarterly Earnings on Tuesday

Xiaomi (OTCMKTS:XIACFGet Free Report) is expected to be issuing its results before the market opens on Tuesday, March 24th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $17.8358 billion for the quarter.

Xiaomi Stock Down 5.0%

XIACF opened at $4.21 on Friday. The business’s 50 day moving average is $4.54 and its 200-day moving average is $5.44. Xiaomi has a twelve month low of $3.93 and a twelve month high of $9.00.

Key Headlines Impacting Xiaomi

Here are the key news stories impacting Xiaomi this week:

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut Xiaomi from a “buy” rating to a “hold” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on XIACF

About Xiaomi

(Get Free Report)

Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.

In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.

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