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Why Figs Stock Is Crashing Today

TheMotleyFool

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Why Figs Stock Is Crashing TodayPhoto, wide shot, wide-angle lens, Pharmaceutical company, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ae4a134-dd01-4c80-a621-18399f5a2541.png

Figs (NYSE: FIGS) stock is plummeting in today's trading. The healthcare apparel company's share price was down roughly 23.8% as of 10:30 a.m. ET.

Figs published its first-quarter results after the market closed yesterday, posting sales and earnings that came in lower than the market had anticipated. The company reported non-GAAP (adjusted) earnings per share of $0.05 on revenue of $110.1 million, while the average analyst estimate had called for per-share earnings of $0.06 on sales of $117.3 million.

Image source: Getty Images.

Source Fool.com

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