Top Wall Street Forecasters Revamp Canaan Expectations Ahead Of Q2 Earnings

Canaan Inc. (NASDAQ: CAN) will release its second quarter earnings report before the opening bell on Tuesday, Sept. 8. Analysts expect the Singapore-based company to report a quarterly loss of 6 cents per share on revenue of $40.92 million, according to Benzinga Pro. On May 19, Canaan reported mixed first-quarter financial results and issued second-quarter sales guidance below estimates. Shares of Canaan jumped 27.9% to close at $0.39 on Thursday.