Hims Shares Tumble After 37-Cent Loss Swamps Q2 Sales Beat
Updated
Updated · Investor's Business Daily · Aug 10
Hims Shares Tumble After 37-Cent Loss Swamps Q2 Sales Beat
3 articles · Updated · Investor's Business Daily · Aug 10
Summary
Hims & Hers Health stock fell sharply late Monday after the company posted a 37-cent-per-share June-quarter loss, far worse than analysts' expected 5-cent loss.
That earnings miss overshadowed a second-quarter revenue beat and a raised outlook, shifting investor focus from top-line momentum to the scale of the loss.
Hims is known for its telehealth platform and for offering knockoff versions of Novo Nordisk's injectable semaglutide, a business line that has drawn close market attention.