Canaan (CAN) Reports Q2 Loss, Tops Revenue Estimates

Canaan (CAN) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of$ 0.30. This compares to loss of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this cryptocurrency-mining computer maker would post a loss of$ 0.60 per share when it actually produced a loss of $0.16, delivering a surprise of 73.33%.Over the last four quarters, the comp ...