🔴 RLX Technology is trading 6.75% down today after second-quarter revenue and adjusted EPS missed forecasts

RLX Technology is trading 6.75% down now at $1.86 after second-quarter results missed analyst expectations for both revenue and adjusted EPS.

• Revenue was RMB 1.01 billion, up 14.8% year over year, versus the RMB 1.15 billion forecast.
• Adjusted EPS was $0.167, compared with $0.626 expected.
• Management attributed the shortfall to normalization after first-quarter shipment pull-forward, despite stronger margins and international growth.