SINGAPORE (AP) — SINGAPORE (AP) — Canaan Inc. (CAN) on Thursday reported a loss of $11.1 million in its second quarter.
On a per-share basis, the Singapore-based company said it had a loss of 3 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The cryptocurrency-mining computer maker posted revenue of $100.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $98.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAN at https://www.zacks.com/ap/CAN
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