finance.yahoo.com

Novo Nordisk and Hims & Hers stocks fall as GLP-1 costs raise profit worries

Hims & Hers Health logoHims & Hers Health
Sig3.40Sen-4.20Env0.00Soc-2.90Gov-4.10
Novo Nordisk logoNovo Nordisk
Sig1.90Sen-2.60Env0.00Soc-2.40Gov-3.20

Both GLP-1 pill players saw their stocks slide as investors worried that rising costs are eroding the profits expected from fast growth. Hims & Hers raised full-year revenue guidance to $3.1B–$3.3B and third-quarter guidance to $880M–$900M, but gross margin fell for a fourth straight quarter. It also faces an FTC lawsuit over alleged user data misuse, while revenue rose 38% but net loss widened sharply.

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