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Xiaomi posts jump in third-quarter revenue, beats estimates
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Xiaomi posts jump in third-quarter revenue, beats estimates
Nov 19, 2024 8:43 PM

BEIJING/SHANGHAI, Nov 18 (Reuters) - Chinese electronics

maker Xiaomi Corp ( XIACF ) posted a 30.5% jump in third-quarter

revenue, boosted by the launch of its first electric vehicle,

the SU7 sedan, in March.

Revenue came in at 92.5 billion yuan ($12.77 billion) in the

quarter ended Sept. 30, beating an LSEG consensus estimate from

15 analysts of 91.1 billion yuan.

The manufacturer of smartphones and a wide range of home

electronic goods, reported adjusted net profit climbed 4.4% to

6.25 billion yuan, versus a consensus estimate of 5.92 billion

yuan.

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