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Why Hims & Hers Health Stock Just Crashed

TheMotleyFool

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Why Hims & Hers Health Stock Just Crashed

Hims & Hers Health (NYSE: HIMS) stock tumbled 12% through 11:15 a.m. ET Tuesday after missing badly on Q1 earnings last night.

Heading into the report, analysts forecast the telehealth company, made famous for selling discount GLP-1 weight loss drugs (and getting sued repeatedly for it), would earn a tiny $0.01 per share profit on sales of $616.5 million. In fact, Hims & Hers lost $0.40 per share, and revenue was only $608 million.

Image source: Getty Images.

Source Fool.com

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