Canaan (LON:CAN) Announces Earnings Results

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

Canaan Trading Down 0.0%

LON CAN traded down GBX 0.10 during trading hours on Friday, reaching GBX 304. The company’s stock had a trading volume of 387,307 shares, compared to its average volume of 8,887,112. The stock has a market cap of £2.98 billion and a PE ratio of -20.27. Canaan has a 52 week low of GBX 149.95 and a 52 week high of GBX 327.40. The business has a 50-day simple moving average of GBX 279.91 and a 200 day simple moving average of GBX 253.80.

Canaan Company Profile

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.