SINGAPORE (AP) — SINGAPORE (AP) — Canaan Inc. (CAN) on Tuesday reported a loss of $85 million in its fourth quarter.
On a per-share basis, the Singapore-based company said it had a loss of 13 cents.
The results fell short of 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 $196.3 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $175.4 million.
For the year, the company reported a loss of $210.3 million, or 45 cents per share. Revenue was reported as $529.7 million.
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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
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