Figma Shares Tumble on Weak Sales Growth Outlook After IPO
Figma Inc. signage during the company's IPO on the floor of the New York Stock Exchange on July 31.
Photographer: Michael Nagle/BloombergFigma Inc. shares tumbled to their lowest price since the design software company’s first day of public trading July 31 after it gave an annual revenue outlook that failed to impress investors.
Sales in the fiscal year will be about $1.02 billion, the company said Wednesday in a statement. The forecast was about in line with the average analyst estimate. Adjusted operating income will be $88 million to $98 million, compared with an average projection of $88 million.