Canaan Inc - ADR

NASDAQ:CAN   3:59:50 PM EDT
3.26
-0.06 (-1.81%)
Other Pre-Announcement

Canaan Inc. Reports Q2 Diluted Net Earnings Per ADS Of RMB 3.53 (US $0.53)

Published: 08/18/2022 08:58 GMT
Canaan Inc - ADR (CAN) - .
Reports Unaudited Second Quarter 2022 Financial Results.
Sees Q3 Revenue Down 17 to 32 Percent.
Qtrly Revenues Were Rmb1,652.7 Million (us$246.7 Million), Representing an Increase of 21.9%.
Qtrly Diluted Net Earnings per Ads Rmb3.53 (us$0.53).
For Q3 of 2022, Company Expects Total Net Revenues to Be Rmb900 Million (us$134.4 Million) to Rmb1,100 Million (us$164.2 Million).
Q2 Earnings per Share View Cny 2.32, Revenue View Cny 1.72 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Revenue View Cny 1.16 Billion -- Refinitiv Ibes Data (analyst estimates).