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Canaan Q2 2024 GAAP Earnings Per ADS $(0.15) Misses $(0.02) Estimate, Sales $71.86M Beat $51.90M Estimate

Author: Benzinga Newsdesk | August 15, 2024 05:35am

Canaan (NASDAQ:CAN) reported quarterly losses of $(0.15) per ADS which missed the analyst consensus estimate of $(0.02) by 650 percent. The company reported quarterly sales of $71.86 million which beat the analyst consensus estimate of $51.90 million by 38.45 percent. This is a 2.70 percent decrease over sales of $73.85 million the same period last year.

Posted In: CAN


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