SINGAPORE (AP) — SINGAPORE (AP) — Canaan Inc. (CAN) on Tuesday reported a loss of $27.7 million in its third quarter.
The Singapore-based company said it had a loss of 5 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The cryptocurrency-mining computer maker posted revenue of $150.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $126.2 million.
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