Why Is Figs (FIGS) Stock Rocketing Higher Today

What Happened? Shares of healthcare apparel company Figs (NYSE:FIGS) jumped 13.2% in the afternoon session after the company reported strong third-quarter financial results that significantly beat Wall Street's expectations. The healthcare apparel company's revenue grew 8.2% year-over-year to $151.7 million, exceeding analyst forecasts. This growth was complemented by a significant earnings beat, with adjusted earnings per share of $0.05, more than double the consensus estimate of $0.02. A key driver for ...