Luckin Coffee (OTCMKTS:LKNCY) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10, Zacks reports. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.15 billion. Luckin Coffee had a return on equity of 35.32% and a net margin of 8.54%.

Luckin Coffee Price Performance

LKNCY stock traded up $0.81 during trading on Friday, reaching $34.31. 1,442,225 shares of the company were exchanged, compared to its average volume of 2,670,264. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 25.80 and a beta of -0.41. The company has a 50-day moving average of $31.83 and a two-hundred day moving average of $27.66. Luckin Coffee has a twelve month low of $17.28 and a twelve month high of $38.03.

Luckin Coffee Company Profile

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.