Luckin Coffee is trading 6.19% up at $33.13 after releasing third-quarter results before the market opened on November 3.
- Revenue rose 17.0% year over year to RMB17.9 billion; net income increased 45.4% and operating income 55.1%.
- Reported revenue missed analyst expectations, while adjusted earnings per ADS beat estimates; average monthly transacting customers reached a record.
- The company authorized a new $500 million share repurchase program. Trading volume data was unavailable.