RLX Technology Q4 Adj EPS $0.03 Down From $0.06 YoY, Sales $49.30M Miss $78.41M Estimate
Benzinga2023-03-10
RLX Technology (NYSE:RLX) reported quarterly adjusted earnings of $0.03 per share. This is a 56.45 percent decrease over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $49.30 million which missed the analyst consensus estimate of $78.41 million by 37.13 percent. This is a 83.50 percent decrease over sales of $298.83 million the same period last year.
Gross margin was 43.6%, compared with 40.2% in the same period of 2021.
Shares of RLX Technology slide over 6% after earnings report.
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