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Hims & Hers stock plunges 18% after Q3 loss and lowered profit forecast disappoint investors

Company Fundamentals
10 Nov 2026, 20:52 WIB
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Bearish
Hims & Hers stock plunges 18% after Q3 loss and lowered profit forecast disappoint investors

Hims & Hers reported a surprise Q3 loss and cut its full-year profit outlook, causing its stock to drop 18%. Despite 48.6% revenue growth, the company missed revenue estimates and faced margin pressure due to lower-margin weight-loss products and international expansion. Subscriber growth slowed as domestic marketing was reduced, and the company plans to expand its branded GLP-1 drug offerings in Q4. Investors remain cautious as the company navigates margin challenges and subscriber retention amid strategic shifts.

Hims & Hers shares plunged 18.13% to USD 18.78 on Pluang as of Nov 11, 2026 02:01 WIB, reflecting heavy selling with 41% of orders to sell. Novo Nordisk also declined nearly 2% to USD 40.58, while Eli Lilly held steady, up 0.98% at USD 1,426.00. This trading activity highlights investor caution in the health sector amid mixed earnings and outlooks.

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