Hims & Hers Health (HIMS) shares are surging after Monday's market close, fueled by the company's first quarter earnings beat. The telehealth platform reported revenue growth of 46% year-over-year, followed by a better-than-expected second quarter outlook, boosting investor confidence in the stock.

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This post was written by Angel Smith

Video Transcript

Another company out with numbers, hymns and hers.And those shares are up some 11% following an earnings speed for the first quarter revenue of 46% year over year to $278.2 million.That top analyst estimates second quarter and full year revenue forecasts also came in well above expectations, and the company sees the second quarter coming between 292 million and $297 million.The estimate there was for 288 for the full year, the the forecast here 1.2 to $1.23 billion.The company CFO said, quote, We've updated our full year outlook to reflect the ongoing business momentum and efficiency improvements we are experiencing.