Telehealth company Hims & Hers reported first-quarter results late Monday that beat Wall Street estimates. But parts of the company’s forecast came in below estimates, and looming worries about the company’s growth as the era of cheap,

Hims & Hers Health ( HIMS) shares surged 8% Tuesday, a day after the health and wellness platform posted better-than-expected results on soaring sales and subscribers. The company reported first-quarter earnings per share of $0.20, with revenue skyrocketing 111% year-over-year to $586.0 million. Both exceeded Visible Alpha estimates.

Hims & Hers Health shares have surged 32.4% since Tuesday's session open. The stock is gaining following a standout first-quarter earnings report released late Monday.