Home » Xiaomi Corp. Expected to Swing to Profit in Third Quarter — Earnings Preview

Xiaomi Corp. Expected to Swing to Profit in Third Quarter — Earnings Preview

by WorldFinance
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By Sherry Qin

Xiaomi Corp. is scheduled to report its third-quarter results Monday after the market close. Here’s what you need to know:

NET PROFIT FORECAST: Xiaomi is expected to swing to a profit of 4.52 billion yuan (US$626.8 million) in the third quarter, according to a FactSet poll of analysts. That compares with a net loss of CNY1.47…

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