Canaan Q4 Adj. EPS $(0.30) Misses $(0.15) Estimate, Sales $56.83M Beat $43.59M Estimate

Canaan (NASDAQ:CAN) reported quarterly losses of $(0.30) per share which missed the analyst consensus estimate of $(0.15) by 100 percent. This is a 128.04 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $56.83 million which beat the analyst consensus estimate of $43.59 million by 30.36 percent. This is a 83.42 percent decrease over sales of $342.80 million the same period last year.