May 20, 2019
SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp posted better than expected quarterly revenue on Monday, citing steady growth in smartphone sales.
Its sales reached 43.8 billion yuan ($6.33 billion) in the first quarter, up from 34.4 billion yuan a year earlier, beating analyst expectations of 42.1 billion yuan.
Adjusted net profit rose to 2.1 billion yuan over the period.
(Reporting by Josh Horwitz; Editing by David Goodman)
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