Teladoc shares tumble on wider-than-expected loss, disappointing revenue guidance

Teladoc Health Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Tuesday, Dec. 31, 2024. Teladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued disappointing quarterly guidance. Here's how the company did, compared to analysts' consensus estimates from LSEG: Loss per share: 28 cents vs. 24 cents expected 28 cents vs. 24 cents expected Revenue: $640.5 million vs. $639.6 million expected Revenue at the telehealth company decreased 3% in the fourth quarter from $660.5 million during the same period last year, according to a release. Teladoc's net loss widened to $48.4 million, or 28 cents per share, from a loss of $28.9 million, or 17 cents per share, a year ago. Teladoc is in the middle of a deep slump, with its stock price dropping in each of the past four years due to hefty competition in remote health, challenges at mental health division BetterHelp and high operating ... Read full article.