Canaan CAN reported its Q2 earnings results on Thursday, August 18, 2022 at 04:45 AM.
Here's what investors need to know about the announcement.
Canaan beat estimated earnings by 71.43%, reporting an EPS of $0.6 versus an estimate of $0.35.
Revenue was up $79.19 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.44 which was followed by a 8.28% drop in the share price the next day.
To track all earnings releases for Canaan visit their earnings calendar here.
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