Luckin Coffee Earnings, Revenue beat In Q2

  • Investing.com
Luckin Coffee Earnings, Revenue beat In Q2

Investing.com - Luckin Coffee reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.

The firm reported earnings per share of -0.18 on revenue of 309.85M. Analysts polled by Investing.com expected EPS of -0.29 on revenue of 308.9M. That compared to EPS of -0.34 on revenue of 68.98M in the same period a year earlier. The company had reported EPS of -0.26 on revenue of 331.94M in the previous quarter.

For the year, Luckin Coffee shares are down 93.45%, under-performing the Nasdaq which is up 7.12% 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. Investing.com analysts expected EPS of 1.12 on revenue of 132.69B

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