Why Teladoc Stock Crashed Today
Teladoc (NYSE: TDOC) stock got crushed in Wednesday's trading session. The online healthcare specialist's share price ended the day's trading down 23.7%, according to data from S&P Global Market Intelligence.
Teladoc released its Q4 results after the market closed yesterday and actually posted a loss for the period that was significantly smaller than expected. But the company's sales performance for the quarter missed Wall Street's target, and management issued disappointing forward guidance. The stock is now down roughly 49% over the last year, and it trades 95% off its peak level.
Teladoc posted a per-share loss of $0.17 on sales of $660.53 million in the fourth quarter. Meanwhile, the average analyst estimate had called for the business to post a loss per share of $0.24 on revenue of roughly $670.1 million.
Source Fool.com
