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

RLX Technology

18/08/2023 14:32

* RLX Technology Inc  RLX.N  reported quarterly adjusted
earnings
of 6 fen​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of 3 fen per
share.
    * Revenue fell 83.1% to CNY378.12 million from a year ago;
analysts expected CNY347.36 million. 
    * RLX Technology Inc's reported EPS for the quarter was 15
fen​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * RLX Technology Inc shares had fallen by 19.8% this
quarter and
lost 38.3% so far this year.
    * The company reported quarterly net income of CNY202.79
million.
    * Wall Street's median 12-month price target for RLX
Technology
Inc is $3.33 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 18 at 01:32 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.06           Beat