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 07, 2023 | 2:31 pm
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POSITIVE IMPACT
Hims & Hers' strong Q3 sales results, raised FY23 guidance, and $50 million share repurchase program have led to a positive impact on its stock price.
Hims & Hers' better-than-expected Q3 sales results and raised FY23 guidance indicate strong performance and future growth, which are positive signals for investors. The announced $50 million share repurchase program also shows the company's confidence in its stock, leading to increased investor confidence and a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100