RLX Technology Inc reports results for the quarter ended in December - Earnings Summary

RLX Technology

15/03/2024 13:31

* RLX Technology Inc  RLX.N  reported quarterly adjusted
earnings
of 33 fen​​ per share for the quarter ended in December.  The
lone analyst forecast for the quarter was for earnings of 14 fen
per share. 
    * Revenue rose 53.1% to CNY520.47 million from a year ago;
analysts expected CNY478.04 million. 
    * RLX Technology Inc's reported EPS for the quarter was 16
fen​.
    * The company reported quarterly net income of CNY213.48
million.
    * RLX Technology Inc shares had fallen by 2.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for RLX
Technology
Inc is $2.53 

This summary was machine generated from LSEG data March 15 at
01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.14           0.33           Beat
 Sep. 30 2023      0.10           0.15           Beat
 Jun. 30 2023      0.03           0.06           Beat