Cricut Q4 2023 GAAP EPS $0.050, Inline, Sales $231.200M Miss $249.680M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cricut (NASDAQ:CRCT) reported Q4 2023 earnings of $0.050 per share, meeting analyst estimates. However, their quarterly sales of $231.200M fell short of the expected $249.680M, marking a 7.40% miss and a 17.65% decrease from the previous year.
March 05, 2024 | 9:09 pm
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Cricut reported Q4 2023 earnings per share of $0.050, aligning with estimates, but their sales of $231.200M missed the $249.680M forecast, a 7.40% shortfall and a 17.65% decrease from the previous year.
The alignment of EPS with estimates suggests stable profitability, but the significant miss in sales forecasts and the notable year-over-year decline indicate potential challenges in revenue generation and growth. This mixed financial performance, especially the revenue miss, is likely to negatively impact investor sentiment and could lead to a short-term decrease in CRCT's stock price.
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