Teledoc Sees Q2 2024 Revenue $635M-$660M Vs $662.55M Estimate; Sees FY24 Revenue $2.635B-$2.735B Vs $2.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledoc forecasts its Q2 2024 revenue to be between $635M and $660M, falling short of the $662.55M estimate. Additionally, the company projects its FY24 revenue to range from $2.635B to $2.735B, which is below the expected $2.76B.
April 25, 2024 | 8:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Teledoc's revenue forecast for Q2 2024 and FY24 falls below market estimates, indicating potential challenges ahead.
Teledoc's announcement of lower-than-expected revenue forecasts for both Q2 2024 and the full year 2024 suggests the company may face challenges in meeting market expectations. This could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100