Cricut (NASDAQ:CRCT) reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Cricut missed estimated earnings by 33.33%, reporting an EPS of $0.06 versus an estimate of $0.09.
Revenue was down $150.74 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 3.76% drop in the share price the next day.
Here’s a look at Cricut’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.11 | 0.16 | 0.20 | |
| EPS Actual | 0.11 | 0.05 | 0.13 | 0.22 |
| Revenue Estimate | 269.12M | 407.51M | 256.82M | 319.08M |
| Revenue Actual | 244.78M | 387.83M | 260.10M | 334.49M |
To track all earnings releases for Cricut visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
