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Why Figs Stock Crashed Today

TheMotleyFool

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Pull out the crash cart -- Figs (NYSE: FIGS) is on life support.

The popular purveyor of medical and surgical scrubs and other apparel took a huge tumble on Friday, crashing 29.4% through 10:40 a.m. ET despite beating analyst forecasts for both sales and earnings last night.

Heading into its Q1 report, analysts forecast Figs to earn $0.01 per share on $152.5 million in sales. Figs actually earned $0.03 per share and reported sales of $159.9 million.

Source Fool.com

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