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

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

Luckin Coffee Stock Down 3.9 %

Shares of OTCMKTS LKNCY traded down $1.20 during mid-day trading on Thursday, hitting $29.68. 4,278,962 shares of the company were exchanged, compared to its average volume of 1,492,045. Luckin Coffee has a 1-year low of $17.28 and a 1-year high of $31.30. The stock has a 50 day simple moving average of $26.52 and a 200-day simple moving average of $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 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.