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Why Hims & Hers Health (HIMS) Is Rallying Today

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Hims & Hers Health (HIMS) is jumping 15% after the company announced that it had made an acquisition which will allow it to launch at-home lab testing. Hims & Hers owns and operates an online health and wellness platform.
The article from MSN discusses the significant stock rally of Hims & Hers Health, Inc. (NYSE: HIMS) following the announcement of their first-quarter earnings. The company reported a 46% year-over-year revenue increase to $278.2 million, surpassing Wall Street's expectations. This growth was driven by a 41% increase in subscribers to 1.7 million and a 57% rise in orders to 2.4 million. Additionally, Hims & Hers raised its full-year revenue guidance to between $1.20 billion and $1.23 billion, which was above the consensus estimate of $1.18 billion. The positive earnings report and optimistic future outlook led to a 25% surge in the company's stock price in pre-market trading. The company's focus on telehealth services for conditions like mental health, sexual health, and dermatology has evidently resonated well with consumers, contributing to the stock's rally.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/health/diseases-and-conditions/why-hims-hers-health-hims-is-rallying-today/ar-AA1zn85X ]