Luckin Coffee (OTCMKTS:LKNCY) Announces Quarterly Earnings Results

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

Luckin Coffee Trading Down 10.3 %

LKNCY stock traded down $3.29 during trading on Monday, hitting $28.71. 7,509,693 shares of the company's stock were exchanged, compared to its average volume of 1,868,863. The business has a 50-day moving average price of $26.79 and a two-hundred day moving average price of $24.09. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 21.59 and a beta of -0.71. Luckin Coffee has a 52-week low of $17.28 and a 52-week 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.