Teladoc: 2Q Earnings Snapshot
PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $29.3 million in its second quarter.
The Purchase, New York-based company said it had a loss of 41 cents per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The telehealth services provider posted revenue of $130.3 million in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $129.7 million.
For the current quarter ending in October, Teladoc said it expects revenue in the range of $135 million to $138 million.
The company expects a full-year loss of $1.60 to $1.52 per share, with revenue ranging from $538 million to $545 million.
Teladoc shares have risen 38% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68.24, a climb of 14% in the last 12 months.