Teladoc Health Misses on Q1 Earnings
Teladoc Health (NYSE: TDOC), these days considered a "coronavirus stock" because of its increased prominence during this pandemic, released its Q1 of fiscal 2020 results on Wednesday after the market closed.
For the quarter, the company's revenue came in at just under $180.8 million, a sturdy 41% higher on a year-over-year basis. That was on a dramatic rise in total visits, which nearly doubled to nearly 2.05 million in total, and a 61% increase in U.S. paid membership to 43 million. Net loss narrowed, although not by much, to $29.6 million ($0.40 per share) from the year-ago result of $30.2 ($0.43).
Image source: Teladoc Health.
Source Fool.com
