Why Teladoc Stock Is Plummeting Today
Teladoc (NYSE: TDOC) stock is sinking in Thursday's trading on the heels of the company's recent fourth-quarter release. The telehealth specialist's share price was down 11.7% as of 2:45 p.m. ET and had been off as much as 19.7% earlier in the daily session.
Teladoc published its Q4 results after the market closed yesterday, delivering a mixed report. While the company's sales came in ahead of Wall Street's expectations, the business posted a wider-than-anticipated loss. Management's guidance for this year also underwhelmed investors.
Teladoc posted another quarter of sales declines in Q4, with revenue declining 3% year over year in the period. The business recorded a loss of $0.28 per share on revenue of $640.49 million in the quarter. For reference, the consensus Wall Street estimated had called for a loss of $0.22 per share on revenue of $639.44 million.
Source Fool.com
