Luckin Coffee (OTCMKTS:LKNCY) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Luckin Coffee (OTCMKTS:LKNCY) announced its quarterly earnings data on Thursday. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.18, Zacks reports. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%. The business had revenue of $1.32 billion during the quarter.

Luckin Coffee Trading Down 10.3 %

Luckin Coffee stock opened at $28.71 on Friday. The firm has a market capitalization of $8.03 billion, a P/E ratio of 22.38 and a beta of -0.71. The business has a 50-day moving average of $26.79 and a 200-day moving average of $24.03. Luckin Coffee has a 1 year low of $17.28 and a 1 year high of $33.00.

About Luckin Coffee

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.