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7.68639508082577E-06 7.68639508082577E-06 0.000768639508070835 0.00153727901614153 0.00153727901614153 0.00307455803228293 -0.000768639508070698 -0.000768639508070698
Stock impact report

Why Teladoc Health Stock Dived on Friday [Yahoo! Finance]

Teladoc Health, Inc. (TDOC) 
Last teladoc health, inc. earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.teladoc.com/investors/default.aspx
Company Research Source: Yahoo! Finance
It'll probably stay at modest levels after releasing its first-quarter financials after market hours Thursday. In reaction the following day, investors traded out of the stock to the point where it closed more than 2% lower in price. This was in marked contrast to the S&P 500 index's 1% rise. Slightly higher revenue, but deeper net loss Starting out on a positive note, Teladoc managed to grow its revenue by 3% on a year-over-year basis to $646 million for the period. Notably less encouraging was its performance on the bottom line, where according to generally accepted accounting principles ( GAAP ), its loss deepened. This came in at almost $82 million, a deeper shortfall than the $69 million ($0.49 per share) loss of first quarter 2023. This meant a mixed quarter as far as the collective analyst estimates went, as those pundits were anticipating Teladoc would post revenue of slightly more than $637 million -- but show a slightly narrower net loss of $0.46. Of Teladoc's two Show less Read more
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