What's Going On With Teladoc Health Stock Today?
Portfolio Pulse from Ryan Gustafson
Teladoc Health, Inc. (NYSE:TDOC) shares are trading lower following the release of the company's Q3 earnings. The company reported losses of 35 cents per share, beating the analyst consensus estimate of 37 cents, but missed the sales estimate of $664.11 million with a reported $660.24 million. Teladoc also issued lower than expected guidance for Q4 and full-year 2023. Additionally, two analysts lowered their price targets on the stock, contributing to the downward trend.
October 26, 2023 | 7:47 pm
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Teladoc Health's stock is trading lower due to mixed Q3 results and lower than expected guidance. The stock's price targets were also lowered by two analysts.
Teladoc Health's stock is trading lower due to a combination of factors. The company's Q3 earnings were mixed, with a beat on EPS but a miss on sales. Additionally, the company issued lower than expected guidance for Q4 and full-year 2023. This negative news was compounded by two analysts lowering their price targets on the stock, further driving down the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100