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NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Teladoc Health, Inc. ("Teladoc") (NYSE:TDOC) concerning possible violations of federal securities laws. On February 20, 2024, Teladoc announced its fourth quarter and full year results for the period ended December 31, 2023.
Teladoc (TDOC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Teladoc Health's (TDOC) Q1 results suffer from weak contributions from the BetterHelp unit. Management expects U.S. Integrated Care Members of 92-94 million for 2024, up from the prior mentioned 90-92 million.
Teladoc's latest quarterly performance didn't meet expectations. It posted a loss of almost $82 million for the period.
Teladoc Health, Inc. (NYSE:TDOC ) Q1 2024 Earnings Call Transcript April 25, 2024 5:00 PM ET Company Participants Adam Vandervoort - Chief Legal Officer Mala Murthy - Acting Chief Executive Officer and Chief Financial Officer Laizer Kornwasser - President of Enterprise Growth and Global Markets. Conference Call Participants Stephanie Davis - Barclays Lisa Gill - JPMorgan Jailendra Singh - Truist Jessica Tassan - Piper Sandler Sean Dodge - RBC Capital Allen Lutz - Bank of America Sarah James - Cantor Fitzgerald George Hill - Deutsche Bank Elizabeth Anderson - Evercore Daniel Grosslight - Citi Operator Good afternoon.
Although the revenue and EPS for Teladoc (TDOC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Teladoc (TDOC) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.37 per share a year ago.
Teladoc's (TDOC) first-quarter results are expected to have benefited from higher visits. However, high costs might have partially offset the positives.
Teladoc's business peaked during the early days of the pandemic but has been struggling since. The company does have several things going its way, including a long runway in its industry.
In the latest trading session, Teladoc (TDOC) closed at $13.14, marking a +0.08% move from the previous day.