SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Figs Inc. (FIGS) on Thursday reported first-quarter profit of $1.4 million.
On a per-share basis, the Santa Monica, California-based company said it had profit of 1 cent.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The health care apparel company posted revenue of $119.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $117.4 million.
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