What's Going On With Teladoc Health Stock Wednesday?
Portfolio Pulse from Adam Eckert
Teladoc Health Inc's Q3 results were mixed, with revenue of $660.24 million missing estimates of $664.11 million, but a 35 cent loss per share beating estimates for a 37 cent loss. Access fees revenue increased 8% YoY, while other revenue grew 10%. U.S. revenue was up 7% and International revenue jumped 17%. However, total visits decreased 4% to 4.4 million. The company expects Q4 revenue to be between $658 million and $683 million, below estimates of $686.56 million. Teladoc shares were down 6.18% at $17.01.
October 25, 2023 | 1:43 pm
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NEGATIVE IMPACT
Teladoc's mixed Q3 results and lower-than-expected Q4 revenue guidance may negatively impact its stock price in the short term.
Teladoc's Q3 revenue missed estimates and the company's Q4 revenue guidance is also below estimates. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
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IMPORTANCE 80
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