Teladoc: 2Q Earnings Snapshot
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.