Figs falls on FY 2022 revenue forecast cut
10/11/2022 22:58
** Shares of apparel retailer Figs Inc FIGS.N down ~7% at
$6.12 in extended trading after co trims annual revenue forecast
** Co now expects FY 2022 revenue of about $495 mln vs
previous forecast of $510 mln to $530 mln; analysts expect
$511.9 mln - Refinitiv
** FIGS Q3 net income fell to $4.04 mln or 2 cents per share
vs last year's ~$7 mln or 3 cents per share
** However, FIGS beats expectations for Q3 revenue, while
reports adjusted profit in line with estimates
** Up to Thursday's close, stock had fallen 76.2% YTD
(Reporting by Granth Vanaik)
((Granth.Vanaik@thomsonreuters.com;))