RLX Technology Stock (NYSE:RLX), Trade Ideas

RLX Technology

RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and "Branded store plus" retail model tailored to China's e-vapor market.

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RLX Technology shares are gaining in premarket trading due to beating earnings expectations, reporting strong revenue, and affirming strategic commitments amidst challenges in the e-vapor industry.

Why RLX Technology Shares Are Gaining Today

World,No,Tobacco,Day,Concept,Stop,Smoking.tobacco,Cigarette,Butt,On

Health Care

Discover the latest WHO tobacco trends: 1.25 billion global users, positive 2022 shifts, Brazil and Netherlands success, vaping concerns, and challenges ahead.

Tobacco Use Falls To 1 In 5 Adults Globally: Why WHO Says &#39;There Is No Time For Complacency&#39;

Mid Cap

Penny Stocks

Buybacks

China-based e-vapor company RLX Technology Inc (NYSE: RLX) shares are trading higher after it disclosed the extension of its existing 

E-Vapor Company RLX Technology&#39;s Strategic Move: Extends Share Buyback Program Through 2025

RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share

RLX Technology Inc

RELX PLC

Dividends

Principal Financial Group Raised Q2 Dividend $0.02 To $0.71/Share

Minerals Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTX#NYSE">MTX</a>) reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.28 by 16.41 percent. This is a 30.7 percent increase over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $534.500 million which missed the analyst consensus estimate of $545.550 million by 2.03 percent. This is a 2.12 percent decrease over sales of $546.100 million the same period last year.

Earnings Beats

Earnings Misses

Minerals Technologies Q1 2024 Adj EPS $1.49 Beats $1.28 Estimate, Sales $534.500M Miss $545.550M Estimate

Red River Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRBI#NASDAQ">RRBI</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.03 by 12.62 percent. This is a 12.78 percent decrease over earnings of $1.33 per share from the same period last year.

RRBI

Red River Bancshares Q1 EPS $1.16 Beats $1.03 Estimate

FirstEnergy Affirmed FY24 Adj. EPS $2.61-$2.81 Vs $2.68 Est.

Byline Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BY#NYSE">BY</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.64 by 9.37 percent. This is a 7.69 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $101.014 million which beat the analyst consensus estimate of $98.058 million by 3.01 percent. This is a 11.17 percent increase over sales of $90.863 million the same period last year.

Byline Bancorp Q1 2024 Adj EPS $0.70 Beats $0.64 Estimate, Sales $101.014M Beat $98.058M Estimate

Skechers U.S.A. Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares are rising in Thursday&#8217;s after-hours session after the company reported better-than-expected&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38443487/skechers-announces-first-quarter-2024-financial-results-and-record-sales-of-2-25-billion" rel="noreferrer noopener">financial results for the first quarter</a>.
What Happened:&nbsp;Skechers&nbsp;first-quarter revenue increased 12.5% year-over-year to $2.251 billion, which beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $2.204 billion, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/gxjhpowx7zks" rel="noreferrer noopener">Benzinga Pro</a>. The lifestyle footwear company reported quarterly earnings of $1.33 per share, which beat analyst estimates of $1.10 per share.
Wholesale sales were up 9.8% in the quarter, while direct-to-consumer sales jumped 17.3%. Gross margins came in at 52.5%.
&#8220;We began the new year by setting a new sales record, delivering results above expectations, and further expanding the Skechers brand globally,&#8221; said&nbsp;Robert Greenberg, Skechers&#8217; CEO.&nbsp;
&#8220;With our focus on evolving and innovating our extensive product offering, best-in-class partnerships with our distribution network, and exceptional global demand, we are confident that Skechers will have another record-breaking year.&#8221;
Outlook:&nbsp;Skechers sees second-quarter revenue in the range of $2.175 billion to $2.225 billion versus estimates of $2.202 billion. The company anticipates second-quarter earnings of 85 to 90 cents per share versus estimates of $1.09&nbsp;per share.
Skechers raised its full-year 2024 revenue guidance from $8.6 billion to $8.8 billion to $8.725 billion to $8,875 billion versus estimates of $8.781 billion. The company also raised its full-year EPS outlook from $3.65 to $3.85 to $3.95 to $4.10 versus estimates of $3.90.
&#8220;We remain committed to our growth strategy, further expanding our global reach and helping shoppers around the world enjoy the comfort and value of our Skechers products, and we have continued confidence in our goal of achieving&nbsp;$10 billion&nbsp;in sales by 2026,&#8221; said&nbsp;John Vandemore, CFO of Skechers.
A conference call to discuss these results kicked off at 4:30 p.m. ET.
Check This Out:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38444720/intel-shares-fall-on-q1-revenue-miss-weak-q2-eps-guidance" rel="noreferrer noopener">Intel Shares Fall On Q1 Revenue Miss, Weak Q2 EPS Guidance</a>
SKX Price Action:&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SKX" rel="noreferrer noopener">Skechers shares</a>&nbsp;were up 7.14% after hours at $63 at the time of publication, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/gxjhpowx7zks" rel="noreferrer noopener">Benzinga Pro</a>.
Photo:&nbsp;<a target="_blank" href="https://pixabay.com/users/cegoh-94852/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=423164" rel="noreferrer noopener">Jason Goh</a>&nbsp;from Pixabay.

After-Hours Center

Skechers Stock Jumps On Strong Q1 Earnings: The Details

Riverview Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSB#NASDAQ">RVSB</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $0.03 by 566.67 percent. This is a 200 percent decrease over earnings of $0.14 per share from the same period last year.

RVSB

Riverview Bancorp Q4 EPS $(0.14) Misses $0.03 Estimate

Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFA#NASDAQ">BELFA</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $0.98 by 21.43 percent. This is a 15.6 percent decrease over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $128.090 million which missed the analyst consensus estimate of $128.250 million by 0.12 percent. This is a 25.68 percent decrease over sales of $172.344 million the same period last year.

BELFA

Bel Fuse Q1 2024 Adj EPS $1.19 Beats $0.98 Estimate, Sales $128.090M Miss $128.250M Estimate

EXPO

Exponent Now Sees FY24 Revenues Before Reimbursements To Grow In The Low-Single Digits (Prior View Flat To Down In The Low-single Digits)

SouthState (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NASDAQ">SSB</a>) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.55 by 1.94 percent. This is a 18.13 percent decrease over earnings of $1.93 per share from the same period last year. The company reported quarterly sales of $415.494 million which beat the analyst consensus estimate of $414.330 million by 0.28 percent. This is a 8.20 percent decrease over sales of $452.618 million the same period last year.

SouthState Q1 2024 Adj EPS $1.58 Beats $1.55 Estimate, Sales $415.494M Beat $414.330M Estimate

Exponent Expects Q2 Revenues Before Reimbursements To Be Flat To Up In The Low-Single Digits

Rhinebeck Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBKB#NASDAQ">RBKB</a>) reported quarterly earnings of $0.10 per share. This is a 42.86 percent increase over earnings of $0.07 per share from the same period last year.

RBKB

Rhinebeck Bancorp Q1 EPS $0.10 Up From $0.07 YoY

INTC

Intel Says Could Have Sold More AI PC Processors, Expects Stronger Second Half Performance

BFST

Business First Bancshares Enters Agreement To Acquire Oakwood Bancshares In All-Stock Transaction For Consideration Of ~$85.7M; Expected To Close In Q4

-Politico
&nbsp;
<a href="https://www.politico.com/news/2024/04/25/us-weapons-contract-ukraine-00154450#:~:text=The%20U.S.%20is%20putting%20the,according%20to%20two%20U.S.%20officials" title="https://www.politico.com/news/2024/04/25/us-weapons-contract-ukraine-00154450#:~:text=The%20U.S.%20is%20putting%20the,according%20to%20two%20U.S.%20officials">https://www.politico.com/news/2024/04/25/us-weapons-contract-ukraine-00154450#:~:text=The%20U.S.%20is%20putting%20the,according%20to%20two%20U.S.%20officials</a>.

Contracts

US Prepares $6B In Weapons Contracts For Ukraine

COPT Defense Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDP#NYSE">CDP</a>) ("COPT Defense" or the "Company") announced the acquisition of a 202,000 square foot Class A building, located in Columbia Gateway at 6841 Benjamin Franklin Drive in Columbia, Maryland, for $15 million. The 7-story LEED Gold Certified building was constructed in 2008 and is 56% leased to a leading defense contractor.
Stephen E. Budorick, COPT Defense's President &amp; Chief Executive Officer, commented "This acquisition solidifies our position as the dominant owner in Columbia Gateway, enhances our relationship with a top 10 U.S. defense contractor, adds 202,000 square feet of modern, well-amenitized space to our 2.3 million square foot Columbia Gateway campus, and was purchased at a significant discount to replacement cost for comparable new product. Our Fort Meade/BW Corridor segment was 96.5% leased at quarter-end and this acquisition is an excellent opportunity to acquire high quality inventory, and leverage our Defense/IT franchise and strong demand from Defense Contractors, to create significant shareholder value.
With this acquisition, we now control approximately 45% of the square footage in Columbia Gateway, and 80% of the square footage leased to defense/cyber companies and the U.S. Government in Columbia Gateway. Our scale provides a unique competitive advantage to encapsulate demand, especially among the small to mid-size defense contractors, which is a crucial and growing segment of the Department of Defense contractor ecosystem."

COPT Defense Acquires 202,000 Square Foot Building In Columbia, MD For $15M

Alexander &amp; Baldwin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALEX#NYSE">ALEX</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.12 by 133.33 percent. This is a 300 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $61.202 million which beat the analyst consensus estimate of $49.067 million by 24.73 percent. This is a 21.43 percent increase over sales of $50.400 million the same period last year.

ALEX

Alexander & Baldwin Q1 2024 GAAP EPS $0.28 Beats $0.12 Estimate, Sales $61.202M Beat $49.067M Estimate

Talos Energy Inc. ("Talos" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>) today announced updates to its organization that support Talos's growth and strategic priorities and the recently closed QuarterNorth Energy Inc. ("QuarterNorth") acquisition.
Sergio Maiworm, who joined Talos in 2018, was promoted to Executive Vice President and will continue to serve as Chief Financial Officer. Mr. Maiworm was appointed Senior Vice President and Chief Financial Officer in July 2023. Mr. Maiworm's promotion was effective April 24, 2024.
In connection with Talos's acquisition of QuarterNorth, Talos appointed former QuarterNorth employees Jim Brysch as Vice President – Marketing and Truitt Smith as Vice President – Geosciences, effective April 1, 2024.
Francisco Noyola, who joined Talos in 2018, was promoted to Vice President – Mexico, effective April 15, 2024.
Clay Jeansonne joined Talos on April 1, 2024, as Vice President – Investor Relations, having most recently served as Director of Investor Relations at Earthstone Energy, Inc.
John Parker, who previously served as Executive Vice President of New Ventures, left Talos effective April 24, 2024.
President and Chief Executive Officer Tim Duncan commented: "In connection with the integration of QuarterNorth, we have promoted several individuals and expanded our leadership team. I am confident their leadership will further strengthen our position as a premier E&amp;P offshore operator as we continue to focus on our strategic priorities and future growth. I would also like to thank John, who played an integral part in forming Talos, for his years of service, dedication, and invaluable contributions to our company. During his tenure, he was a vital part of several significant discoveries, including the Zama Field in Mexico and the Tornado Field in the Gulf of Mexico. I wish John continued success."

TALO

Talos Energy Announces Organizational Updates To Its Organization That Support Talos's Growth And Strategic Priorities And The Recently Closed QuarterNorth Energy Inc. Acquisition

Phillips Edison (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.13 by 7.69 percent. This is unchanged from the same period last year. The company reported quarterly sales of $161.302 million which beat the analyst consensus estimate of $157.797 million by 2.22 percent. This is a 6.78 percent increase over sales of $151.064 million the same period last year.

PECO

Phillips Edison Q1 2024 GAAP EPS $0.14 Beats $0.13 Estimate, Sales $161.302M Beat $157.797M Estimate

WIIM

Tutor Perini shares are trading higher after the company reported better-than-expected Q1 financial results and issued FY24 EPS guidance.

RLX Technology Inc - ADR (RLX) is up 2.15% today. RLX has an Overall Score of 28. Find out what this means to you and get the rest of the rankings on RLX!See Full RLX ReportRLX stock closed at $1.86 and is up $0.04 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most inv

Premarket Mover: RLX Technology Inc - ADR (RLX) Up 2.15%

RLX Technology placed on Citigroup's upside catalyst watch

SNDL, RLX among consumer staples movers

RLX: Focus On Both Q4 Results And Outlook (Rating Upgrade)

RLX Technology Inc - ADR (RLX) is up 1.90% today. RLX has an Overall Score of 28. Find out what this means to you and get the rest of the rankings on RLX!See Full RLX ReportRLX stock closed at $2.11 and is up $0.04 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most inv

RLX Technology Inc - ADR (RLX) Up 1.90% in Premarket Trading

Rlx Technology, Inc. (RLX) has released an update. RLX Technology, Inc. has reported a leap in net income to RMB216.0 million in Q4 2023 from a net...

RLX Technology Reports Strong Q4 Recovery

RLX Technology Inc - ADR (RLX) is down Friday morning, with the stock losing -3.37% in pre-market trading to 2.01. RLX's short-term technical score of 35 indicates that the stock has traded less bullishly over the last month than 65% of stocks on the market. In the Tobacco industry, which ranks 126 out of 146 industries, R

Should You Accumulate RLX Technology Inc - ADR (RLX) Stock Friday Morning?

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Consumer Defensive Stocks on the Move Tuesday: DNUT, VFF, LFLY, MKC, HPCO, HNST, DDL, RLX

Rlx Technology, Inc. (RLX) has released an update. RLX Technology Inc., a prominent player in the global e-vapor market, has submitted its annual r...

RLX Technology Submits Annual Financial Report

Rlx Technology, Inc. (RLX) has disclosed a new risk, in the Corporate Activity and Growth category. Rlx Technology, Inc. faces considerable risk as...