RLX Technology Q1 EPS $0.02 Beats $0.02 Estimate, Sales $76.40M Beat $74.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLX Technology (NYSE:RLX) reported Q1 earnings per share of $0.02, beating the analyst consensus estimate of $0.02 by 10%. The company also reported quarterly sales of $76.40 million, surpassing the estimate of $74.11 million by 3.09%. This represents a significant 177.78% increase in sales compared to the same period last year.
May 17, 2024 | 9:34 am
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RLX Technology reported Q1 earnings per share of $0.02, beating the analyst consensus estimate by 10%. The company also reported quarterly sales of $76.40 million, surpassing the estimate by 3.09%. This represents a significant 177.78% increase in sales compared to the same period last year.
The positive earnings and revenue results, along with significant year-over-year sales growth, are likely to boost investor confidence and positively impact RLX Technology's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100