SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Tuesday reported a smaller than expected 8.2% rise in third-quarter revenue, hurt by intensifying competition from domestic rivals Oppo and Vivo.
Sales rose to 78.06 billion yuan ($12.22 billion) in the three months to Sept. 30. Analysts had expected 79.20 billion yuan, Refinitiv data shows.
Profit slumped 84% to 788.6 million yuan.
On an adjusted basis, Xiaomi earned 5.18 billion yuan, largely in line with the average analyst expectations for 5.09 billion yuan.
($1 = 6.3878 Chinese yuan renminbi)
(Reporting by Josh HorwitzEditing by Louise Heavens and David Goodman)
