BUZZ-Canaan rises after quarterly revenue forecast above estimates
Reuters
Nov 18, 2025
BUZZ-Canaan rises after quarterly revenue forecast above estimates
** Shares of BTC mining machine maker Canaan CAN.O up about 4.3% at $0.89 premarket
** CAN expects Q4 revenue between $175 million and $205 million, above analysts' avg. estimate of $160.3 million - data compiled by LSEG
** Co's Q3 revenue rises 104.4% to $150.5 million from year ago vs estimates of $132.3 million, driven by demand in both mining machine sales and self-operated mining
** Posts Q3 net loss of $27.7 million vs loss of $75.6 million from a year ago
** As of last close, stock down ~60% YTD
(Reporting by Koyena Das)
((koyena.das@thomsonreuters.com))
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