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Why Did FIGS Stock Plunge 16.44% Despite Strong Sales?
Generated by AI AgentAinvest Movers Radar
Friday, May 9, 2025 5:32 am ET1min read
On May 9, 2025,
experienced a significant drop of 16.44% in pre-market trading, marking a notable decline in its stock price.FIGS, a healthcare apparel company, reported strong sales for the first quarter of 2025, exceeding Wall Street's revenue expectations. The company's sales increased by 4.7% year over year, reaching $124.9 million. Despite the positive sales performance, the stock price dropped by 13.4% following the earnings report. This discrepancy suggests that investors may have been disappointed by other aspects of the company's financial performance or outlook, despite the strong sales figures.
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