Figma Falls 16% After Posting Q2 Revenue Beat but Missing Full-Year Profit Guidance on August 5

FIG-3.34%
According to CNBC, on August 5, Figma posted second-quarter revenue of $371 million, up 48% year-over-year and exceeding its own forecast. However, the design software company issued full-year adjusted operating income guidance of $125 million to $135 million, falling short of analyst expectations of $133.2 million compiled by FactSet. The disappointing outlook triggered a 16.48% drop in Figma's stock price to $23.51 in after-hours trading.
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