VXUS - Bitcoin Stock Canaan Up After Q1 Print What's Going On? | Benzinga
Canaan Inc (NASDAQ:CAN) reported a fiscal first-quarter 2024 revenue decline of 36.5% year-on-year to $35.09 million, beating the analyst consensus estimate of $30.10 million.
Earnings per ADS loss of $(0.16) beat the analyst consensus estimate loss of $(0.36). The stock price gained after the print.
Products revenue in the first quarter of 2024 was $23.4 million, compared to $44.1 million Y/Y. Mining revenue in the first quarter of 2024 was $10.5 million, representing a decrease ...