Hims & Hers gives weak outlook but says more collaborations are coming

Shares of Hims & Hers Health fell in extended trading on Monday after the company reported first-quarter earnings that beat analysts' expectations but offered weaker-than-expected guidance. Here's how the company did based on average analysts' estimates compiled by LSEG: Earnings per share: 20 cents vs. 12 cents 20 cents vs. 12 cents Revenue: $586 million vs. $538 million Revenue at the telehealth company increased 111% in the first quarter from $278.2 million during the same period last year, according to a release. Hims & Hers reported a net income of $49.5 million, or 20 cents per share, compared to $11.1 million, or 5 cents per share, during the same period a year earlier. For its second quarter, Hims & Hers said it expected to report revenue between $530 million and $550 million, short of the $564.6 million expected by analysts polled by StreetAccount. The company said its adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, for the quarter will ... Read full article.