US Stock Market Move | Q4 gross profit margin lower than expected, Hims & Hers Health (HIMS.US) drops more than 20%.

On Tuesday, the stock price of Hims & Hers Health (HIMS.US) fell, with the stock dropping by more than 20% to $41.05 as of the time of writing. The company's fourth quarter gross margin was lower than expected, with a reported gross margin of 77% compared to analysts' expectations of 78.4% from StreetAccount. The company's earnings per share for the fourth quarter were 11 cents, higher than the market's expectation of 10 cents, and revenue reached $481 million, also exceeding the market's expectation of $470 million. Compared to the same period last year with $246.6 million, the company's revenue for this quarter has increased by 95%.