Cricut Q2 EPS $0.07 Beats $0.06 Estimate, Sales $177.76M Beat $176.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cricut (NASDAQ:CRCT) reported Q2 earnings of $0.07 per share, beating the analyst consensus estimate of $0.06 by 16.67%. The company also reported quarterly sales of $177.76 million, beating the analyst consensus estimate of $176.50 million by 0.72%. However, this represents a 3.26% decrease over sales of $183.76 million the same period last year.
August 08, 2023 | 8:32 pm
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NEUTRAL IMPACT
Cricut's Q2 earnings and sales beat estimates, but sales are down 3.26% YoY.
Cricut's earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year might offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100