The Hers app arranged on a smartphone in New York on Feb. 12, 2025.
Shares of Hims & Hers Health fell 9% in extended trading on Monday after the telehealth company reported second-quarter results that missed Wall Street's expectations for revenue.
Here's how the company did based on average analysts' estimates compiled by LSEG:
Earnings per share: 17 cents adjusted vs. 15 cents expected
17 cents adjusted vs. 15 cents expected Revenue: $544.8 million vs. $552 million expected
Revenue at Hims & Hers increased 73% in the second quarter from $315.6 million during the same period last year, according to a release. Hims & Hers reported a net income of $42.5 million, or 17 cents per share, compared to $13.3 million, or 6 cents per share, during the same period a year earlier.
For its third quarter, Hims & Hers said it expected to report revenue between $570 million and $590 million, while analysts were expecting $583 million. The company said its adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, for the quarter will be between the range of $60 million and $70 million. Analysts polled by StreetAccount were expecting $77.1 million.