RLX Technology Q3 Adj EPS $0.02 Beats $0.01 Estimate, Sales $58.67M Miss $71.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLX Technology reported Q3 adjusted EPS of $0.02, surpassing the $0.01 estimate, but sales of $58.67M fell short of the expected $71.97M. Year-over-year, earnings decreased by 42.86% and sales dropped by 60.04%.
November 13, 2023 | 10:05 am
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NEGATIVE IMPACT
RLX Technology exceeded EPS estimates but significantly missed on revenue, with a notable year-over-year decline in both earnings and sales.
While RLX Technology beat EPS estimates, the substantial miss on revenue and the significant year-over-year decline in both earnings and sales are likely to concern investors and could lead to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100