Here Are the Expected (and Unexpected) Reasons Teladoc Is Crashing This Week
Teladoc Health (NYSE: TDOC) stock is plummeting following the company's recent first-quarter earnings release and conference call. The telehealth company's share price was down roughly 41.9% since last week's market close as of 3 p.m. ET this Thursday, according to data provided by S&P Global Market Intelligence.
Teladoc reported Q1 earnings after the market closed yesterday. Revenue rose 25% year over year in the period to reach $565.4 million, but it reported a loss per share of $41.11 due to a massive goodwill impairment charge. The company also issued downward guidance revisions for this year, and the one-two punch is prompting a precipitous sell-off for the stock.
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Source Fool.com
