FIGS Q1 Adj $0.01, Same YoY, Sales $119.29M Beat $117.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
FIGS (NYSE:FIGS) reported Q1 adjusted earnings of $0.01 per share, unchanged YoY, with sales of $119.29M, beating the $117.94M estimate but marking a 0.78% decrease from last year's $120.23M.
May 09, 2024 | 8:42 pm
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NEUTRAL IMPACT
FIGS reported stable Q1 earnings per share at $0.01, with a slight sales beat against estimates but a minor year-over-year decline.
The stability in earnings per share (EPS) and the slight beat on sales estimates could be viewed positively by investors, indicating resilience in FIGS's business model despite a minor sales decline YoY. However, the unchanged EPS and slight sales decrease might temper any significant positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100