Figs rises on increased annual revenue outlook

Figs

03/11/2023 19:07

** Shares of healthcare apparel brand FIGS  FIGS.N  up 22%
at $6.8 - hitting nearly 3-month high
    ** Stock set to post best day since March 9, 2022
    ** Co raises 2023 outlook, sees net revenues growth of about
8.5% compared with a year earlier and adj EBITDA margin of about
14%
    ** Posts Q3 revenue of $142.36 mln vs analysts' estimates of
$131.51 mln- LSEG data
    ** Also posts Q3 adj. earnings of 3 cents per share, in line
with analysts' estimates, as per LSEG data 
    ** Stock up 1.71% YTD




 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))