Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.57, Zacks reports. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.82 billion. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%.
Luckin Coffee Price Performance
OTCMKTS:LKNCY traded up $0.35 during trading hours on Friday, reaching $37.11. 2,016,543 shares of the company traded hands, compared to its average volume of 2,295,308. The firm's 50-day moving average is $36.05 and its 200-day moving average is $32.70. The stock has a market cap of $10.53 billion, a P/E ratio of 21.09 and a beta of -0.24. Luckin Coffee has a 1-year low of $17.28 and a 1-year high of $40.00.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Luckin Coffee from a "buy" rating to a "hold" rating in a report on Saturday.
View Our Latest Report on LKNCY
About Luckin Coffee
(
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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.
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