Canaan (NASDAQ:CAN) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.04) by 21.05 percent. This is a 80 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $100.209 million which missed the analyst consensus estimate of $108.044 million by 7.25 percent. This is a 39.45 percent increase over sales of $71.858 million the same period last year.