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

Luckin Coffee (OTCMKTS:LKNCY) issued its quarterly earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, beating 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 Performance

LKNCY opened at $32.00 on Friday. The company has a fifty day moving average price of $26.68 and a two-hundred day moving average price of $23.96. Luckin Coffee has a 52 week low of $17.28 and a 52 week high of $33.00. The firm has a market capitalization of $8.95 billion, a PE ratio of 24.94 and a beta of -0.71.

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.