
Cricut Inc reports results for the quarter ended September 30 - Earnings Summary

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Cricut Inc reported adjusted earnings of 10 cents per share for the quarter ended September 30, surpassing last year's 5 cents and analysts' expectations of 4 cents. Revenue increased by 1.5% to $170.44 million, exceeding the forecast of $157.11 million. The company’s net income was $20.51 million. Despite a 14.9% drop in shares this quarter, the average analyst rating is "sell" with a median 12-month price target of $4.25, 25.9% below the last closing price of $5.35.

