Figma Shares Fall 7% After Earnings Beat and Higher Outlook

Figma shares fell 7% in extended trading Wednesday, Nov. 4, as the company topped third-quarter estimates and raised its annual outlook while projecting slower growth in the current quarter. Revenue rose 43% from a year earlier to $391.4 million, above the $375.8 million estimate. Adjusted earnings were 10 cents per share, compared with a 5-cent estimate. Adjusted operating margin reached 12%, above the 6.1% estimate. Figma’s net loss narrowed to $81.3 million, or 15 cents per share, from $1.10 billion, or $2.72 per share, in the year-earlier quarter.

Source: TokenPost