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Teladoc Shares Gain 9% On ‘Solid’ Q3 Earnings

Picture Source: Internet

Shares of Teladoc (NYSE:TDOC) are trading up 9 per cent in pre-market trading after the company delivered a solid Q3 earnings report.

Teladoc delivered a Q3 loss per share of USD 0.45, better than the expected loss of USD 0.57 per share. Revenue for the quarter came in at USD 611.4 million versus the consensus estimate of USD 608.76 million. Total visits were reported at 4.57 million, missing the 4.8 million consensuses. For this quarter, the company is expecting to see a loss per share that ranges from USD 0.40 to USD 0.10 on revenue in the range of USD 625 million to USD 640 million.

Analysts were looking for a loss per share of USD 0.26 on revenue of USD 637.25 million. Total visits are expected at 4.7-4.9 million, again lower than the 5.1 million estimates. Teladoc also said it expects full-year revenue between USD 2.4 and USD 2.41 billion, lower than the prior guidance of USD 2.4-2.5 billion but just above the USD 2.4 billion consensuses.

A full-year loss per share is seen between USD 61.10 and USD 61.40, while total visits are now estimated at 18.4-18.6 million, higher than the 18.2 million consensuses and below the prior 18.8-19.3 million outlook.

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