RLX Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-17

RLX Technology (NYSE:RLX) Third Quarter 2024 Results Key Financial Results Revenue: CN¥679.4m (up 107% from 3Q 2023). Net income: CN¥165.7m (down 3.1% from 3Q 2023). Profit margin: 24% (down from 52%...

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The decrease in margin was driven by higher expenses.NYSE:RLX Earnings and Revenue Growth November 17th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 1.8%. Earnings per share  missed analyst estimates by 35%.Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Global Tobacco industry.The company's shares are up 3.7% from a week ago.Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of RLX Technology's balance sheet and an in-depth analysis of the company's financial position.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RLX":"雾芯科技"},"translate_title":"RLX科技2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RLX":1},"content_text":"RLX Technology (NYSE:RLX) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥679.4m (up 107% from 3Q 2023).\nNet income: CN¥165.7m (down 3.1% from 3Q 2023).\nProfit margin: 24% (down from 52% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: CN¥0.14.\n\n\n\n\n  NYSE:RLX Earnings and Revenue Growth November 17th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nRLX Technology Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 35%. \n Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Global Tobacco industry. \nPerformance of the market in the US.\n The company's shares are up 3.7% from a week ago. \nBalance Sheet Analysis\n Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of RLX Technology's balance sheet and an in-depth analysis of the company's financial position. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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