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Market Impact: 0.34

Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates

CAN
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Canaan reported a quarterly loss of $0.13 per share, wider than the Zacks Consensus Estimate loss of $0.07. The result still improved from a $0.27 per share loss a year ago, but the EPS miss is likely to weigh on sentiment.

Analysis

Canaan reported a quarterly loss of $0.13 per share, wider than the Zacks Consensus Estimate loss of $0.07. The result still improved from a $0.27 per share loss a year ago, but the EPS miss is likely to weigh on sentiment.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35

Ticker Sentiment

CAN-0.55