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The New York Stock Exchange with a Hims & Hers Health, Inc banner is pictured as a person runs past in the Manhattan borough of New York City, New York, January 21, 2021. Hims & Hers is an online platform where patients can meet with providers and get personalized support for skincare, mental health, sexual health, weight loss and hair care. For the first quarter, Hims & Hers expects revenue growth of at least 40% from a year earlier to between $267 and $272 million. He said newer specialties like weight loss, mental health and Hers Dermatology are seeing increased adoption, and could each deliver more than $100 million in revenue in 2025. WATCH: Ro CEO on telehealth and the impact of weight loss drugs
Persons: They're, Andrew Dudum, Dudum, Jefferies Organizations: New York Stock Exchange, Revenue, Jefferies, Deutsche Bank Locations: Manhattan, New York City , New York
Hims & Hers CEO Andrew Dudum talks earnings with Jim Cramer
  + stars: | 2024-02-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Hims & Hers CEO Andrew Dudum talks earnings with Jim CramerHims & Hers Co-Founder and CEO Andrew Dudum joins 'Mad Money' host Jim Cramer to talk earnings, the healthcare space, their direct-to-consumer infrastructure and more.
Persons: Andrew Dudum, Jim Cramer Hims, Jim Cramer Organizations: & & '
Workday — Shares tumbled 9% following the enterprise software company's fourth-quarter earnings report. Workday also reiterated its subscription revenue guidance for the 2025 fiscal year. Zoom Video — The video-conferencing stock surged 11% on the back of a better-than-expected fourth quarter earnings report. Unity said to expect between $45 million $50 million, well under the $113 million consensus estimate of analysts polled by FactSet. Staar posted 16 cents in earnings per share, missing analysts' estimate of 17 cents per share, according to FactSet.
Persons: CarGurus, LSEG, amortization, Unity, Staar Organizations: LSEG, Unity Software, FactSet
S&P 500 futures are near flat Monday night as the market rally took a breather. Futures tied to the broad index and Nasdaq 100 futures both traded near flat. Those moves follow a losing day on Wall Street that pulled the Dow and S&P 500 off record highs seen last week. The Dow and S&P 500 slipped 0.16% and 0.38%, respectively, while the technology-heavy Nasdaq Composite inched lower by 0.13%. "You're digesting so much of what happened last week with big earnings, and then you have big data on the horizon."
Persons: Ross Mayfield, Baird, They'll, Mayfield Organizations: New York Stock Exchange, Dow Jones, Unity Software, Dow, Walgreens Boots Alliance, Virgin Galactic, PCE Locations: New York City, U.S, PCE
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.
Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, , Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut
Read previewWith the Ozempic craze in full swing, investors are getting picky about the weight-loss startups they want to back. Kaganoff predicted that in the new year some startups prescribing GLP-1s would invest more money in studies using real-world evidence to show their programs work. And despite the Ozempic frenzy, weight-loss startups captured a tiny fraction of the money invested this year. Investors had put about $211 million toward weight-loss startups through mid-November, representing about 3% of digital-health funding over that period, according to PitchBook. Alfie HealthSome unlikely sectors of the healthcare industry stand to benefit from the growth of the weight-loss market.
Persons: , Sari Kaganoff, Crystal Cox, Kaganoff, Ro, VCs, Michael Greeley, Alyssa Jaffee, 7wireVentures, she's, she'd, Mounjaro, Mercer, Michael Siluk, PitchBook, Alfie Health, it's, Alfie's cofounders, Aaron DeGagne, Jordan, he'd, DeGagne, There's Organizations: Service, Business, Rock Health, Flare Capital Partners, Getty, Employers, Health, Investors, Phenomix Sciences, Mayo Clinic, PitchBook, Tusk Venture Partners, Sword Health Locations: GLP
When Hims & Hers launches its new weight-loss program, the digital-health company won't be joining in on the Ozempic craze, its CEO, Andrew Dudum, said. While pricey drugs like Ozempic and Wegovy have exploded in popularity this year for their potential to help people lose weight, Hims & Hers plans to offer cheaper generic medications for weight loss, at least initially. Ro's weight-loss program was fueling fast growth for the startup this year, but some patients struggled with insurance denials and delays in communication with Ro. Dudum said during the company's third-quarter earnings call that Hims & Hers expected weight management to be "an extraordinarily valuable category." Next year, in addition to launching its weight-loss program, the company plans to expand its new AI engine, which it's been beta testing in its psychiatry patients.
Persons: Andrew Dudum, Dudum, It's Organizations: Business
Uber — Shares of the ride hailing company rose 2% after Uber's third-quarter gross bookings of $35.3 billion topped the company's guidance of $29 billion to $30 billion. Planet Fitness — The gym chain climbed 8.8% after beating expectations on both lines for the third quarter and raising its outlook for the year. Planet Fitness reported 59 cents in earnings per share, excluding items, and $277.6 million in revenue. Analysts surveyed by FactSet anticipated 55 cents in earnings per share on revenue at $268.2 million. It also cut its price target on Peloton to $4 from $13 per share, implying about 20% downside from Monday's close.
Persons: FactSet, Tripadvisor, Coterra, Sanmina, DigitalOcean, Goldman Sachs, , Yun Li, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: UBS —, UBS, Credit Suisse, LSEG, Energy, , Deutsche Bank Locations: Switzerland
Revenue was $547.5 million, topping the $524.7 million expected. Planet Fitness — Shares rallied 12.4% after the gym chain topped expectations for both earnings and revenue for the third quarter. Vivid Seats beat analysts' expectations for third-quarter revenue, while also offering strong guidance on the measure for 2023 and 2024. Tripadvisor — Shares of the travel website operator jumped 9.5% after the company beat third-quarter earnings and revenue expectations. Hims & Hers Health also raised its full-year guidance and announced a $50 million share repurchase program.
Persons: Max —, Morgan Stanley, Max, StreetAccount, Tripadvisor, Sanmina, Goldman Sachs, D.R, Horton —, — CNBC's Pia Singh, Tanaya Macheel, Sarah Min, Alex Harring, Jesse Pound Organizations: StreetAccount, Revenue, National Association of Realtors, BioMarin Pharmaceutical, Reuters, Elliott Investment Management, BioMarin, Air Products, Chemicals, UBS, Credit Suisse Locations: Swiss
Tripadvisor reported adjusted earnings of 52 cents per share on $533 million in revenue, while analysts polled by LSEG forecast 47 cents per share and $505 million. Separately, IFF posted third-quarter adjusted earnings and revenue that beat analysts' estimates. Coterra Energy posted adjusted earnings of 50 cents per share in the third quarter, while analysts called for 44 cents a share, per FactSet. The company also raised its expectations for full-year adjusted earnings before interest, taxes, depreciation and amortization. Fabrinet posted adjusted earnings of $2 per share on $685.5 million in revenue, while analysts polled by FactSet anticipated $1.85 per share in earnings and $659.2 million of revenue.
Persons: Tripadvisor, who's, Sanmina, headwinds, Fabrinet, FactSet, Darla Mercado Organizations: LSEG, Vertex Pharmaceuticals, Icahn Capital, Coterra Energy, Management, FactSet
The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)
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The company reported an adjusted $2.11 per share on revenue of $8.31 billion, while analysts polled by Refinitiv forecasted $1.98 and $7.58 billion. Analysts surveyed by Refinitiv had penciled in a loss of 33 cents per share on $175 million of revenue. Palantir Technologies — Palantir Technologies slid 3.4% after the data analytics company reported its second-quarter results. Beyond Meat reported an adjusted loss of 83 cents per share on $102.1 million in revenue, while Refinitiv forecasted 86 cents and $108.4 million. Paramount Global — The media conglomerate's shares climbed more than 2% in premarket trading after the company reported a quarterly earnings and revenue beat.
Persons: Goldman Sachs, NASH, Banks, Moody's, Eli Lilly, EchoStar, Charlie Ergen, Refinitiv, Lucid, Palantir, Hims, Simon & Schuster, Yun Li, Samantha Subin, Sarah Min, Pia Singh, Jesse Pound Organizations: Sagimet, Goldman, T Bank, Citizens Financial, Bank of New York Mellon, Truist, JPMorgan Chase, Telsey, Refinitiv, Novo Nordisk —, Dish, United Parcel Service, behemoth, UPS, Palantir, Paramount Global, Paramount, KKR Locations: New York, Banks —
Chegg notched second-quarter revenue of $183 million, while analysts polled by Refinitiv had expected $177 million. Analysts polled by Refinitiv called for a 5 cent loss per share and revenue of $205 million. Paramount Global — The media conglomerate added almost 4% in extended trading hours after posting an earnings and revenue beat. In the second quarter, the company reported $150.9 million in revenue against analysts' estimate of $175 million, per Refinitiv. Celanese — The materials stock fell nearly 3% after missing on both the top and bottom line in the second quarter.
Persons: Chegg, Refinitiv, Celanese Organizations: Paramount Global
"We were shocked," a former employee in Truepill's business development division said of the layoffs. Insider spoke with five former and two current Truepill employees about the challenges the company is confronting after a tumultuous year. Truepill was hiring employees rapidly, accumulating about 1,800 employees by the spring of 2022, according to one former employee in Truepill's business division. Since then, there's been a companywide push to inch closer to profitability, one of the current employees told Insider. It's also downsizing its Miami pharmacy, the current employee said.
That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.
'As startups dive into prescribing hot new weight loss drugs, Hims & Hers is taking a backseat. Its CEO said Hims wants to offer GLP-1s for weight loss, but thinks it's too early. He cited challenges in the young market like insurers refusing to cover GLP-1s and drug shortages. After Hims & Hers' first profitable quarter ever, the startup is thinking about getting in on telehealth's weight-loss craze. An 'inconsistent' supply chainExploding demand for the new weight-loss drugs has also resulted in shortages, which affect all patients prescribed GLP-1s, not just those using the drugs for weight loss.
Pharmacy startups like Capsule and Truepill are crumbling in the fight against pharmacy giants. But in the past year, the pharmacy startups have begun to crumble. Plus, each chain has thousands of stores across the country, providing the convenience that the pharmacy startups seek to replicate with tech. The digital-pharmacy shakeoutAnalysts suggested that healthcare startups with pharmacy components, rather than pure-play pharmacy startups, are best positioned to succeed. Truepill CEO Sid Viswanathan TruepillBut the pharmacy startups that have attempted to offer additional services have largely shelved those efforts in recent months.
Hims & Hers Health — Shares of the telehealth stock soared by 17% after the company reported quarterly results that surpassed estimates. However, Target's full-year earnings guidance came in below expectations. Zoom's full-year revenue guidance came in lighter than expected, but topped estimates on its earnings guidance for 2023. Norwegian Cruise Line Holdings — The cruise company fell 12% after reporting a wider-than-expected loss for the fourth quarter. Analysts surveyed by Refinitiv had forecast an 85 cents per share loss on revenue of $1.5 billion.
Check out the companies making the biggest moves in premarket trading:Dish Network — The satellite company's shares fell almost 5% amid its multi-day service outage and double-downgrade from Bank of America. Revenue also beat, but Target's full-year EPS guidance came in below expectations. Arconic — Shares fell 3.5% following a downgrade to sell from neutral by Goldman Sachs. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates. Workday — The human resources software fell 2.4% after its revenue guidance for the first quarter came in lighter than expected.
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. First-quarter earnings per share guidance came in above expectations, according to Refinitiv. The energy giant missed analysts' expectations for fourth-quarter earnings and revenue, according to Refinitiv. Workday — Workday's stock fell 1% even after the human resources software company beat Wall Street's fourth-quarter revenue and earnings expectations, according to Refinitv. Hims & Hers posted a smaller-than-expected loss for the fourth quarter and revenue that came in slightly above Wall Street's expectations, according to Refinitiv.
Twentyeight Health provides underserved groups with reproductive and sexual healthcare online. See the pitch deck Twentyeight Health used to bank $8.3 million in pre-Series A funding. Twentyeight Health provides reproductive and sexual healthcare primarily for underserved communities, like low-income patients and patients of color. Twentyeight Health provided Insider with the pitch deck it used to raise $8.3 million in pre-Series A funding. Here's the 15-slide pitch deck Twentyeight Health used to bank $8.3 million.
Thrive announced at the beginning of last year it closed a massive $3 billion fund. By the end of the year, one of the fund's major investors marked down its stake by 31%. Thrive Capital, the New York-based venture firm founded in 2009 by Joshua Kushner, announced at the beginning of last year it closed a massive $3 billion fund, with $500 million earmarked for early-stage startups and another $2.5 billion devoted later-stage companies. Thrive is also in talks to make another $1 billion investment in Stripe, Bloomberg recently reported. And Thrive is also in talks to invest in OpenAI through a tender offer, the Wall Street Journal reported.
The startup Wally Health provides dental cleanings and preventative care for $199 a year. Take a look at the pitch deck Wally used to raise a $3 million seed round led by Bling Capital. That experience inspired the creation of his startup, Wally Health, which has raised $3 million in a seed round led by Bling Capital. Years before Wally, Burnett had launched businesses in media and fintech back in his native Canada. After raising a pre-seed round, Burnett and his cofounders started building Wally's proof of concept about a year ago in an office in New York's Upper East Side.
Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021. When asked about the delays, Cuban said Cost Plus Drugs' volume exceeded both companies' expectations.
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