Figure Technology Swings to Q1 Profit, Revenue Rises

MT Newswires Live

05/12

Figure Technology Solutions (FIGR) reported Q1 net income late Monday of $0.18 per diluted share, swinging from a loss of $0.01 a year earlier.

Four analysts polled by FactSet expected earnings of $0.16.

Net revenue for the quarter ended March 31 was $167 million, up from $84.5 million a year earlier.

Analysts surveyed by FactSet expected $159.5 million.

Shares of the company were up 4.6% in premarket trade.

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