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Canaan: Q3 Earnings Snapshot

Source: qz.com qz.com
News Snapshot:

HAIDIAN DISTRICT BEIJING , China (AP) — HAIDIAN DISTRICT BEIJING, China (AP) — Canaan Inc. (CAN) on Tuesday reported a third-quarter loss of $80.1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Haidian District Beijing, China-based company said it had a loss of 47 cents. Losses, adjusted for stock option expense, came to 41 cents per share. The cryptocurrency-mining computer maker posted revenue of $33.3 million in the period. Advertisement For the current quarter ending in December, Canaan said it expects revenue in the range of $34 million. The company's shares…

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