FIGS Inc (NYSE:FIGS) shares are climbing on Friday after the healthcare‑apparel company delivered a standout fourth‑quarter report that blew past Wall Street expectations, with earnings coming in far stronger than analysts anticipated.
- FIGS stock is approaching key resistance levels. Why are FIGS shares at highs?
The rally gained additional momentum after KeyBanc upgraded the stock from Sector Weight to Overweight.
Earnings Strength Fuels The Move
FIGS posted earnings of 10 cents per share, far above the 2 cent estimate and a sharp improvement from the 1 cent it earned a year earlier. Revenue also impressed, reaching $201.9 million, which topped expectations by more than 22% and …