Canaan (LON:CAN) Releases Earnings Results

Canaan (LON:CAN) issued its quarterly earnings results on Friday. The company reported GBX 11.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Canaan Stock Performance

Shares of CAN opened at GBX 304 on Friday. Canaan has a fifty-two week low of GBX 149.95 and a fifty-two week high of GBX 327.40. The firm’s 50-day simple moving average is GBX 281.04 and its two-hundred day simple moving average is GBX 254.24. The stock has a market cap of £2.98 billion and a PE ratio of -20.27.

About Canaan

Starting its life as a French subscription-TV channel 40 years ago, CANAL+ today is a global media and entertainment company with a brand recognised worldwide amongst the Top 50 Most Valuable French Brands, globally (source: Kantar Brandz, 2023). It generates revenues in 195 countries and operates directly in 52 countries across Europe, Africa, Asia, and the United States, with a total of approximately 9,000 employees worldwide. With a balance of exposure to mature and high-growth markets, CANAL+ is one of the largest media companies in Europe in terms of both revenues and subscribers, and the undisputed leader in French-speaking Sub-Saharan Africa.