Teladoc Stock Sinks 17% on Downbeat Forecast

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Teladoc Stock Sinks 17% on Downbeat Forecast

Dow Jones02-21

Shares of telehealth-technology provider Teladoc Health Inc. sank after hours on Tuesday following a largely downbeat forecast for the first quarter and full year.

The company, known for its BetterHelp therapy app, said it expected first-quarter sales of $630 million to $645 million, below FactSet forecasts of $673 million.

It said it expected to lose 45 cents a share to 55 cents a share during that period, worse than analyst expectations for a 41-cent per-share loss.

For the full year, Teladoc said it expected sales of $2.64 billion to $2.74 billion, worse than FactSet forecasts of $2.77 billion, with a per-share loss of 80 cents a share to $1.10 a share, narrower than expectations for $1.20 a share.

Shares fell 17.2% after hours.

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