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Benzinga
Benzinga
Business
Adam Eckert

Why Cricut Shares Are Falling Today

Cricut

Cricut (NASDAQ:CRCT) is trading significantly lower Wednesday after the company reported worse-than-expected top-line results and showed declining net income. 

Cricut said fourth-quarter revenue increased 5% year-over-year to $387.5 million, which came in below the $407.51 million estimate. The creative technology company reported quarterly earnings of 5 cents per share. 

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