Hims & Hers shares plunge after Q1 loss and missed revenue

Hims & Hers shares experienced a significant plunge in premarket trading after the company reported a first-quarter loss and revenue figures that fell short of analyst estimates, impacted by its pivot to branded GLP-1s.

12 May, 11:45 — 12 May, 11:45

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow51d ago

HIMS Shares Plunge As Pivot To Branded GLP-1s Weighs On Outlook

HIMS Shares Plunge As Pivot To Branded GLP-1s Weighs On Outlook Hims & Hers shares tumbled in premarket trading in New York, the most in three months, after the company posted a first-quarter loss and revenue that missed analyst estimates tracked by Bloomberg, as costs rose amid a massive pivot from selling copycat GLP-1 drugs toward branded obesity drugs from Novo Nordisk and Eli Lilly. Revenue for the first quarter came in at $608 million versus the $617.5 million Bloomberg Co...

By Tyler Durden

Read full article →

PERSPECTA

PERSPECTA

Hims & Hers shares plunge after Q1 loss and missed revenue

Sources

HIMS Shares Plunge As Pivot To Branded GLP-1s Weighs On Outlook

Related Stories

Oldest Plague Outbreak Discovered in Siberia, Dating Back 5,500 Years

Extreme Training: What Heat Training Does to the Body

Individual declared cancer-free

Chris Johnson's ALS Diagnosis Revives Ice Bucket Challenge

PERSPECTA