Canaan Inc. (CAN) Tops Q4 EPS by 4c, provides outlook

Canaan Inc. (NASDAQ: CAN) reported Q4 EPS of ($0.16), $0.04 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $35.1 million versus the consensus estimate of $30.25 million.

Business Outlook

The Company maintains its guidance for the second quarter of 2024 and provides an outlook for the third quarter of 2024. For the second quarter of 2024, the Company expects total revenues to be approximately US$70 million, versus the consensus of $69.918 million. For the third quarter of 2024, the Company expects total revenues to be approximately US$70 million. This forecast reflects the Company\'s current and preliminary views on the market and operational conditions, which are subject to change.

For earnings history and earnings-related data on Canaan Inc. (CAN) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• KB Home (KBH) Misses Q2 EPS by 2c; Offers Outlook
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance