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Teladoc: 2Q Earnings Snapshot

August 1, 2018

PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $25.1 million in its second quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of 40 cents. Losses, adjusted for one-time gains and costs, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The telehealth services provider posted revenue of $94.6 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $92 million.

For the current quarter ending in October, Teladoc said it expects revenue in the range of $106 million to $108 million.

The company expects a full-year loss of $1.52 to $1.48 per share, with revenue ranging from $405 million to $410 million.

Teladoc shares have climbed 77 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.85, a rise of 90 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDOC at https://www.zacks.com/ap/TDOC

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