Canaan Q2 EPS $(0.13) Misses $(0.05) Estimate, Sales $31.862M Miss $40.922M Estimate
Canaan (NASDAQ:CAN) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $(0.05) by 160 percent. This is a 333.33 percent decrease over losses of $(0.03) per share from the same
Canaan made bigger losses than expected and sold less stuff than people thought it would. When a company loses more money and sells less, it means the business is struggling harder than investors hoped.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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