Canaan (NASDAQ:CAN) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $(0.05) by 160 percent. This is a 333.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $31.862 million which missed the analyst consensus estimate of $40.922 million by 22.14 percent. This is a 68.20 percent decrease over sales of $100.209 million the same period last year.

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