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

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zerohedgeLow50d 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

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Hims & Hers shares plunge after Q1 loss and missed revenue

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

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