RLX Technology (NYSE:RLX) Releases Earnings Results, Misses Expectations By $0.19 EPS

RLX Technology (NYSE:RLX) released its earnings results on Friday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.19), Zacks reports. RLX Technology had a return on equity of 2.48% and a net margin of 15.70%. The company had revenue of $111.46 million for the quarter, compared to analysts’ expectations of $764.69 million.

RLX Technology Price Performance

NYSE:RLX opened at $2.26 on Friday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 56.39 and a beta of 0.93. The company’s 50-day moving average is $2.28 and its two-hundred day moving average is $1.96. RLX Technology has a 1-year low of $1.50 and a 1-year high of $2.69.

About RLX Technology

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.