Luckin Coffee Earnings, Revenue beat In Q2

Luckin Coffee Earnings, Revenue beat In Q2
Credit: © Reuters. - Luckin Coffee reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of -0.26 on revenue of 331.94M. Analysts polled by anticipated EPS of -0.27 on revenue of 323.76M. . The company had reported EPS of -0.32 on revenue of 215.68M in the previous quarter.

For the year, Luckin Coffee shares are down 71.73%, under-performing the Nasdaq which is up 5.67% year to date.

Luckin Coffee follows other major Services sector earnings this month

On Friday, May 22, 2020, Alibaba ADR reported fourth quarter EPS of 9.2 on revenue of 114.31B, compared to forecasts of EPS of 6.05 on revenue of 107.45B.

Walmart earnings beat analyst's expectations on Tuesday, May 19, 2020, with first quarter EPS of 1.18 on revenue of 134.62B. analysts expected EPS of 1.12 on revenue of 132.69B

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