Why Teladoc Stock is Getting Crushed Wednesday After Hours
Shares of telehealth company Teladoc Health Inc (NYSE: TDOC ) are falling Wednesday after the company reported second-quarter financial results Wednesday after market close. Here are the key highlights. • Teladoc Health stock is taking a hit today. What’s behind TDOC decline? Teladoc Q2 Earnings Teladoc reported second-quarter revenue of $606.9 million, down 4% year-over-year. The revenue total missed a Street consensus estimate of $615.4 million according to data Pro. Among product segments, Integrated Care revenue was up 1% year-over-year to $394.3 million and BetterHelp revenue was down 12% year-over-year to $212.6 million. U.S. revenue was down 6% to $487.4 million, while International revenue was up 7% to $119.6 million in the quarter. The company reported a loss of 21 cents per share, beating a Street estimate of a loss of 25 cents per share. "We continue to make progress...
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.