FIGS, Inc. (FIGS) shares are sliding on Friday morning trade after the company reported loss for the second quarter compared to profit last year.
The quarterly net loss was $40.55 million or $0.26 per share, compared to net profit of $14.18 million or $0.09 per share in the previous year. On an adjusted basis, earnings were $14.34 million.
Looking ahead, the company expects net revenue of $395 million. Analysts are looking for $379.79 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.