Recap: Canaan Q1 Earnings
Portfolio Pulse from Benzinga Insights
Canaan (NASDAQ:CAN) reported Q1 earnings with an EPS of $-0.43, missing estimates by 104.76%. Revenue was down $158.69 million YoY. Last quarter, the company missed EPS by $0.15, resulting in a 3.83% share price drop the next day.
May 26, 2023 | 10:20 am
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Canaan's Q1 earnings missed estimates with an EPS of $-0.43 and a YoY revenue decline of $158.69 million. The company's previous earnings miss led to a 3.83% share price drop.
Canaan's Q1 earnings missed estimates significantly with an EPS of $-0.43, compared to the expected $-0.21. Additionally, revenue declined by $158.69 million YoY. The company's previous earnings miss resulted in a 3.83% share price drop the following day, indicating a potential negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100