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

Luckin Coffee (OTCMKTS:LKNCY) issued its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.18, Zacks reports. Luckin Coffee had a return on equity of 30.29% and a net margin of 7.51%.

Luckin Coffee Trading Down 3.9 %

LKNCY traded down $1.20 on Thursday, hitting $29.68. 4,278,962 shares of the company’s stock traded hands, compared to its average volume of 1,492,045. The company’s 50 day simple moving average is $26.52 and its 200-day simple moving average is $23.90. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 27.23 and a beta of -0.71. Luckin Coffee has a one year low of $17.28 and a one year high of $31.30.

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.