Teladoc Health Shares Fall 2.8% After Posting Wider 1Q Loss

Dow Jones04-26

Teladoc Health reported a wider loss for the latest quarter and guided for additional losses for the current period.

Teladoc Health stock fell 2.8% in after-hours trading.

The Purchase, N.Y-based virtual healthcare company on Thursday posted a first-quarter net loss of $81.9 million, or 49 cents a share, compared with a loss of $69.2 million, or 42 cents a share, for the same period a year earlier. Analysts expected a loss of 46 cents per share, according to FactSet.

Revenue increased 2.7% to $646.1 million, as revenue from access fees rose 1% to $557.2 million. Wall Street had forecast $637.3 million.

Regarding its outlook, the company guided for second-quarter losses per share of 35 cents to 45 cents, and for revenue of $635 million to $660 million. Wall Street forecasts for a loss of 30 cents per share, and revenue of $662.6 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment