Canaan CAN reported its Q1 earnings results on Friday, May 26, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Canaan missed estimated earnings by 104.76%, reporting an EPS of $-0.43 versus an estimate of $-0.21.
Revenue was down $158.69 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.15 which was followed by a 3.83% drop in the share price the next day.
Here's a look at Canaan's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.15 | 0.07 | 0.35 | 0.06 |
EPS Actual | -0.30 | 0.14 | 0.60 | 0.50 |
Revenue Estimate | 43.59M | 151.64M | 257.70M | 27.18M |
Revenue Actual | 56.83M | 137.51M | 246.74M | 213.92M |
To track all earnings releases for Canaan visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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