Canaan (CAN) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]
Canaan Inc. - American Depositary Shares (CAN)
Company Research
Source: Yahoo! Finance
These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this cryptocurrency-mining computer maker would post a loss of $0.30 per share when it actually produced a loss of $0.15, delivering a surprise of 50%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Canaan , which belongs to the Zacks Computer - Software industry, posted revenues of $73.61 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $33.32 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Canaan shares have lost about 31.2% since the beginning of the y
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CAN
News
- Canaan Inc. (NASDAQ: CAN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- Canaan Inc (CAN) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth Amid ... [Yahoo! Finance]Yahoo! Finance
- Canaan Inc. Reports Unaudited Third Quarter 2024 Financial ResultsPR Newswire
- Canaan Inc. Announces the Execution of a Securities Purchase AgreementPR Newswire
- Canaan Inc. Secures Follow-On Order from HIVE for 5,000 Avalon A15-194T MinersPR Newswire
CAN
Earnings
- 11/20/24 - In-Line
CAN
Sec Filings
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/20/24 - Form 6-K
- CAN's page on the SEC website