FIGS Q2 2024 Adj. EPS $0.01 Beats $0.00 Estimate, Sales $144.225M Beat $142.260M Estimate
Portfolio Pulse from Benzinga Newsdesk
FIGS (NYSE:FIGS) reported Q2 2024 adjusted EPS of $0.01, beating the $0.00 estimate. Sales were $144.225M, surpassing the $142.260M estimate. Despite a 50% decrease in EPS from last year, sales increased by 4.41%.
August 08, 2024 | 9:17 pm
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FIGS reported Q2 2024 adjusted EPS of $0.01, beating the $0.00 estimate. Sales were $144.225M, surpassing the $142.260M estimate. Despite a 50% decrease in EPS from last year, sales increased by 4.41%.
FIGS beat both EPS and sales estimates, which is generally positive for the stock. However, the 50% decrease in EPS from last year may temper some of the enthusiasm. Overall, the positive earnings surprise and sales growth are likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100