Circuit Inc slides on profit miss, PT cut

Cricut

11/11/2021 13:33

** Shares of creativity platform owner  CRCT.O  slide 14.2%
premarket, set to open at a five-week low of $24.7
    ** Co's Q3 profit slips ~40%, missing estimates as expenses
bite; revenue beats urn:newsml:reuters.com:*:nL8N2S205Q  urn:newsml:reuters.com:*:nASA02S2P
    ** Citi cuts PT to $32 from $38 following profit miss;
median PT is $30.0 - Refinitiv data
    ** Shares set for their worst session in three months 
    ** CRCT up ~84% since debuting in April

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com; +91-80-6287-2704))