Canaan Inc. (NASDAQ: CAN) has set the date for the release of its second quarter financial results on Thursday 15th August 2024, before market open. Investors and analysts will have a chance to analyze the company's performance during the quarter.
the business is projected to announce an estimated per share $0.02 loss for the quarter, as predicted by financial analysts on Wall Street. Moreover, the company is expected to disclose a total revenue of $35.09 million for this period.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $225 million. Additionally, they expect the company to reach loss of $0.06 per share for the fiscal year.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share loss of $0.59. This numbers can be credited to the company's total revenue, which amounted to an impressive $73.85 million during the same quarter.
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Canaan Inc. (CAN) shares experienced a range of $0.81 to $0.88 on a day volume of 3.37 million shares. The stock closed Thursday's regular trading session at $0.83, marking a 4.6 percent decline.
