Cricut Q3 EPS $0.08, Sales $174.91M Miss $196.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cricut (NASDAQ:CRCT) reported Q3 earnings of $0.08 per share, beating the analyst consensus estimate of $0.07 by 14.29%. However, the company's quarterly sales of $174.91 million missed the analyst consensus estimate of $196.30 million by 10.90%. This represents a 1.18% decrease over sales of $177.00 million from the same period last year.
November 07, 2023 | 10:08 pm
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Cricut's Q3 earnings beat estimates but sales fell short, which could have mixed implications for the stock.
Cricut's earnings beat could be seen as a positive sign of the company's profitability. However, the sales miss could raise concerns about the company's revenue growth, which could have a neutral to negative impact on the stock in the short term.
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