Hims & Hers shares are trading higher after the company reported better-than-expected Q3 sales results, raised FY23 guidance above estimates and announced a $50 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Hims & Hers reported better-than-expected Q3 sales results and raised its FY23 guidance above estimates. The company also announced a $50 million share repurchase program, leading to a rise in its share price.
November 06, 2023 | 9:48 pm
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Hims & Hers reported strong Q3 sales and raised its FY23 guidance, which along with a $50 million share buyback announcement, has led to a rise in its share price.
Hims & Hers reported better-than-expected Q3 sales and raised its FY23 guidance, which are positive indicators of the company's performance and future outlook. The announcement of a $50 million share buyback also shows confidence in the company's stock, which is likely to have a positive impact on its share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100