Hims & Hers plummets 16% after first-quarter loss, weak earnings guidance

Hims & Hers reported a first-quarter net loss of $92 million, up from $50 million a year ago, sending the stock sharply lower in premarket trading. The wider loss points to deteriorating fundamentals and is likely to pressure the shares in the near term.

Analysis

Hims & Hers reported a first-quarter net loss of $92 million, up from $50 million a year ago, sending the stock sharply lower in premarket trading. The wider loss points to deteriorating fundamentals and is likely to pressure the shares in the near term.