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Why Hims & Hers Health Stock Is Rising Today
Hims and Hers Health Inc. (NYSE:HIMS) shares are up Tuesday after the company reported better-than-expected first quarter financial results.
The Details: After the market close on Monday, Hims & Hers Health reported strong first-quarter results that included revenue of $278.2 million, representing a 46% increase from $190.8 million in the first quarter of 2023. The number beat analyst estimates of $270.382 million.
The company posted net income of $11.1 million and EPS of 5 cents, beating EPS estimates of 2 cents by 150%.
In addition, Hims & Hers Health reported adjusted EBITDA ...