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Why Teladoc Health Stock Cratered on Thursday

TheMotleyFool

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Why Teladoc Health Stock Cratered on ThursdayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

Shares of Teladoc Health (NYSE: TDOC) went down in flames on Thursday, plunging as much as 47.8%. At 10:28 a.m. ET, the stock was down 46.3%.

The catalyst that sent the digital healthcare company plummeting was first-quarter financial results that were far worse than investors had anticipated.

Teladoc generated first-quarter revenue of $565.4 million, up 25% year over year. Unfortunately, the shocker was the bottom line, as the company reported a staggering loss per share of $41.58.

Source Fool.com

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