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Teladoc Health Shares Fall 37% After Lower FY Guidance, Wider 1Q Loss

Dow Jones2022-04-28

Teladoc Health Inc.'s stock fell 37% in after-hours trading Wednesday after the company cut annual financial projections and reported a wider first-quarter loss driven by a $6.6 billion non-cash goodwill impairment charge.

The shares, which closed down 3.1% at $55.99, slid further after hours to $37.61.

The company now expects $2.4 billion to $2.5 billion in revenue for the year and earnings before interest, taxes, depreciation and amortization, or Ebitda, to range from a negative $7 million to a negative $52 million.

It earlier projected $2.55 billion to $2.65 billion in revenue and $18 million to $48 million in Ebitda.

Company officials said in a conference call to discuss the results that they were evaluating whether its long-term revenue growth outlook would be affected.

Teladoc reported a first-quarter loss of $6.67 billion, or $41.58 a share, driven by the impairment charge.

Revenue for the March quarter came in at the low end of the company's guidance at $565.4 million.

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Comment14

  • yong168
    ·2022-04-28
    [噴血] [捂臉] 
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  • Doc FM
    ·2022-04-28
    ohmans...sad
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  • Jason_LSE
    ·2022-04-28
    Many questions will arise to Ark invest [Facepalm] 
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  • KeeBoonTong
    ·2022-04-28
    Lalalala
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  • ARIESan
    ·2022-04-28
    Bad 
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  • SSSG
    ·2022-04-28
    Omg
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  • calebxiong
    ·2022-04-28
    Pls like
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  • Bash
    ·2022-04-28
    Pls like, thank you
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  • PKJCHIA
    ·2022-04-28
    Ok
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  • Will.I.AM
    ·2022-04-28
    Scary drop
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  • Jameslim29
    ·2022-04-28
    😅
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  • 小辉goPro
    ·2022-04-28
    Seriously 😳
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  • superduper
    ·2022-04-28
    Omg
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  • DarkFate
    ·2022-04-28
    Like 
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