Why Teladoc Health Stock Is Dropping Thursday Following Soft Q3 Outlook

Teladoc Health Inc. (NYSE: TDOC ) shares are trading sharply lower during Thursday’s premarket session as investors digest second-quarter results and a cautious outlook that undercut the beat on earnings. Teladoc Health stock is taking a hit today. What’s behind TDOC decline? What Is Driving Teladoc’s Q2 Revenue Miss? Teladoc reported second-quarter revenue of $606.9 million (down 4% year-over-year) and a loss of 21 cents per share, while its third-quarter revenue guide of $569 million to $609 million landed below the Street view of $629.3 million. The company also guided to a third-quarter loss of 30 cents per share to a loss of 20 cents per share versus expectations for a loss of 18 cents per share. Teladoc’s segment split is amplifying the guidance hit, with Integrated Care up 1% to $394.3 million while BetterHelp fell 12% to $212.6 million, alongside management’s...