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Canaan: 3Q Earnings Snapshot

HANGZHOU, China (AP) _ Canaan Inc. (CAN) on Monday reported a loss of $12.7 million in its third quarter.

On a per-share basis, the Hangzhou, China-based company said it had a loss of 8 cents.

The cryptocurrency-mining computer maker posted revenue of $24 million in the period.

Canaan shares have dropped roughly 6% since the beginning of the year. The stock has decreased 30% in the last 12 months.

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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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