Canaan (CAN) Reports Q1 Loss, Tops Revenue Estimates

Canaan (CAN) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 73.33%. 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 $0.30, delivering no surprise.Over the last four quarters, the company ha ...