Why Teladoc Health Stock Cratered on Thursday
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
