Canaan Inc
Change company Symbol lookup
Select an option...
CAN Canaan Inc
SPHD Invesco S&P 500® High Dividend Low Volatility ETF
BROG Brooge Holdings Ltd
EMRAF Emera Inc
PG Procter & Gamble Co
CLOU Global X Cloud Computing ETF Global X Cloud Computing ETF
GDRX Goodrx Holdings Inc
O Realty Income Corp

Information Technology : Technology Hardware, Storage & Peripherals |
Based in China
Company profile

Canaan Inc provides supercomputing solutions through proprietary high-performance computing ASICs (Application Specific Integrated Circuit). The Company provides a holistic AI (Artificial Intelligence) solution to customers, including AI chips, algorithm development and optimization, hardware module, end-product and software services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees


Last Trade
-0.03 (-0.60%)
B/A Size

Market Hours

Closing Price
Day's Change
-0.75 (-13.04%)
Bid close
Ask close
B/A Size
Day's High
Day's Low
(Above Average)

10-day average volume:

Alaska Air forecasts 40% capacity cuts in Q4, more cuts into 2021

5:17 pm ET October 13, 2020 (MarketWatch)

By Claudia Assis

About 4,000 employees took extended leaves of absence, airline says

Alaska Air Group Inc. forecast fourth-quarter capacity to be down about 40% and said more than 4,000 employees, including pilots and mechanics, took extended leaves as it expects to slash capacity further into next year.

"We are uncertain what shape the recovery will take, and we are continuously monitoring trends in demand to determine our capacity decisions as the situation unfolds," Alaska (ALK) said in a filing Tuesday.

As of Oct. 1, about 400 employees, mostly flight attendants, were furloughed involuntarily, the airline said. Many of these employees could be recalled by the end of the year, Alaska said.

In total, the early-out and incentive leaves and other costs will result in a one-time cost of around $320 million, recorded in the third quarter, the company said.

Related:American Airlines downgrade, Delta's weak third quarter weigh on airline stocks (

Alaska is expected to report third-quarter results Oct. 22; analysts polled by FactSet expect an adjusted loss of $3.02 a share on sales of $686 million, contrasting with adjusted profit of $2.63 a share on sales of $2.4 billion in the year-ago quarter.

Its September cash burn was about $117 million, higher than its August cash burn due to additional spending and increased debt service payments, offset by improved cash bookings, Alaska said in the filing.

October cash burn will be around $125 million, it said.

Alaska in late September closed a deal with the Treasury Department to borrow up to $1.9 billion under the CARES Act, and has drawn $135 million to date. The remaining amount is available to draw through March 31, the company said.

Alaska shares were flat in the extended session Tuesday after ending the regular trading day down 1.1%. The stock got an upgrade to buy from analysts at Susquehanna this week. (

-Claudia Assis; 415-439-6400;

(END) Dow Jones Newswires

October 13, 2020 17:17 ET (21:17 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.