Canaan: Q2 Earnings Snapshot
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HAIDIAN DISTRICT BEIJING , China (AP) — HAIDIAN DISTRICT BEIJING, China (AP) — Canaan Inc. (CAN) on Tuesday reported a second-quarter loss of $110.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Haidian District Beijing, China-based company said it had a loss of 65 cents. Losses, adjusted for stock option expense, were 58 cents per share.
The cryptocurrency-mining computer maker posted revenue of $73.9 million in the period.
The company's shares closed at $1.99. A year ago, they were trading at $3.56.
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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
