Teladoc Earnings: What to Watch When This Cathie Wood Favorite Reports on Wednesday
Teladoc Health (NYSE: TDOC), the leader in virtual healthcare, is slated to report its first-quarter 2021 results after the market close on Wednesday, April 28.
Investors will probably largely be approaching the report with cautious optimism. On the positive side, the company's revenue has been growing rapidly, fueled by the COVID-19 pandemic. Consumers have flocked to methods of consulting remotely with healthcare providers in order to stay safe during the crisis, and most folks seem to love the convenience aspect. Moreover, many investors are enthused about Teladoc's acquisition of digital health-tools specialist Livongo Health, which closed on Oct. 30, 2020.
On the other hand, some investors are concerned about the company's ability to keep growing at a brisk rate in a post-pandemic world. A related concern is competition heating up. Most notably, Amazon (NASDAQ: AMZN) recently announced that it will be expanding its Amazon Care telehealth service to its employees throughout the country this summer and has also begun making it available to other companies based on geographic location.
Source Fool.com
