Hims and Hers narrows loss, raises revenue guidance for the year
Shares of Hims & Hers Health Inc. (HIMS) rose more than 3% in the extended session Monday after the telehealth company narrowed its quarterly loss and raised its sales guidance for the year, saying its "personalized" health offerings are resonating with people. Hims lost $7.6 million, or 4 cents a share, in the third quarter, which met FactSet consensus and compared with a loss of $18.8 million, or 9 cents a share, in the third quarter of 2022. Revenue rose 57% to $226.7 million, the company said. Analysts polled by FactSet expected revenue of $220 million. Hims raised its 2023 revenue guidance to between $868 million and $873 million and adjusted EBITDA guidance to a range of $43 million to $46 million. Personalization "has and will continue to enable us to drive greater market share, and also concurrently expand margins," Chief Financial Officer Yemi Okupe said in a statement.
-Claudia Assis
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
11-06-23 1623ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Markets Brief: Is It Really a Surprising Quarter for Earnings?
-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
After Earnings, Is Coke Stock a Buy, a Sell, or Fairly Valued?
-
Disney Earnings: Improved Streaming Results Come at the Expense of Continued Linear Weakness
-
Apple: We Expect New Models and New Chip to Spur Return to iPad Growth
-
Palantir Earnings: AI Platform Drives Strong Start to 2024
-
What I Hope My 14-Year-Old Learned at Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Amazon Stock a Buy, a Sell, or Fairly Valued?
-
The 10 Best Dividend Stocks
-
3 Stocks With High Dividend Yields That Warren Buffett Likes