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FIGS, Inc. (FIGS) shares are sliding on Friday morning trade after the company reported loss for the second quarter compared to profit last year.


RTTNews | Aug 13, 2021 10:03AM EDT

10:02 Friday, August 13, 2021 (RTTNews.com) - FIGS, Inc. (FIGS) shares are sliding on Friday morning trade after the company reported loss for the second quarter compared to profit last year.

The quarterly net loss was $40.55 million or $0.26 per share, compared to net profit of $14.18 million or $0.09 per share in the previous year. On an adjusted basis, earnings were $14.34 million.

Looking ahead, the company expects net revenue of $395 million. Analysts are looking for $379.79 million.

Currently, shares are at $39.34, down 6.31 percent from the previous close of $42.01 on average volume of 1,353,309. For the 52-week period, the shares have traded in a range of $28.25-$50.40 on average volume of 1,592,648.

Read the original article on RTTNews ( https://www.rttnews.com/3218794/figs-down-6-after-reporting-loss-for-q2.aspx)

For comments and feedback: contact editorial@rttnews.com

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