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

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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.

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