Canaan Shares Dip On Q1 Revenue Miss And Weak Q2 Outlook

Canaan Inc – ADR (NASDAQ:CAN) shares traded lower by 6.3% to 76 cents Tuesday morning after the crypto mining hardware maker reported first-quarter revenue of $82.8 million, topping its own guidance of $75 million but missing analysts' expectations of $90.1 million. The company also posted a net…