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Canaan Q2 2024 Earnings Report

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$2.32 +0.01 (+0.43%)
(As of 12/20/2024 05:45 PM ET)

Canaan EPS Results

Actual EPS
-$0.15
Consensus EPS
-$0.30
Beat/Miss
Beat by +$0.15
One Year Ago EPS
N/A

Canaan Revenue Results

Actual Revenue
$71.86 million
Expected Revenue
$51.90 million
Beat/Miss
Beat by +$19.96 million
YoY Revenue Growth
N/A

Canaan Announcement Details

Quarter
Q2 2024
Time
N/A

Conference Call Resources

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Canaan Earnings Headlines

B. Riley Estimates Canaan's FY2026 Earnings (NASDAQ:CAN)
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
One dead after Canaan, NH, house fire
One dead after house fire in Canaan, N.H.
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About Canaan

Canaan (NASDAQ:CAN) engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

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