Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates

Canaan (CAN) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of$ 0.15. This compares to loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this cryptocurrency-mining computer maker would post a loss of$ 0.14 per share when it actually produced a loss of $0.33, delivering a surprise of -135.71%.Over the last four quarters, the c ...