Recap: Canaan Q2 Earnings

Canaan CAN reported its Q2 earnings results on Thursday, August 18, 2022 at 04:45 AM.

Here's what investors need to know about the announcement.

Earnings

Canaan beat estimated earnings by 71.43%, reporting an EPS of $0.6 versus an estimate of $0.35.

Revenue was up $79.19 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.44 which was followed by a 8.28% drop in the share price the next day.

To track all earnings releases for Canaan visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.