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EARNINGS

Canaan Earnings Miss Estimates by $0.83

Canaan first quarter results: EPS -$0.860, revenue $62.7M, missing estimates.

Alexander Gonzalez
ByAlexander Gonzalez- Senior Editor
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0
Canaan Earnings Miss Estimates by $0.83
Photo: Prepared by Bond.az

Canaan (NASDAQ: CAN) reported first-quarter EPS of -$0.860, missing the analyst estimate of -$0.030 by $0.83.

Revenue came in at $62.7 million, below the consensus estimate of $64.68 million.

Canaan's stock closed at $0.48. It is up 4.700% over the last 3 months and down 36.660% over the last 12 months.

There were 0 positive and 1 negative EPS revisions in the last 90 days.

According to Bond.az, Canaan's Financial Health score is "weak performance".

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