Canada markets closed
  • S&P/TSX

    19,474.65
    +107.96 (+0.56%)
     
  • S&P 500

    4,163.29
    -10.56 (-0.25%)
     
  • DOW

    34,327.79
    -54.34 (-0.16%)
     
  • CAD/USD

    0.8285
    +0.0020 (+0.25%)
     
  • CRUDE OIL

    66.25
    -0.02 (-0.03%)
     
  • BTC-CAD

    51,837.06
    -3,619.23 (-6.53%)
     
  • CMC Crypto 200

    1,195.01
    -2.91 (-0.24%)
     
  • GOLD FUTURES

    1,866.50
    -1.10 (-0.06%)
     
  • RUSSELL 2000

    2,227.12
    +2.49 (+0.11%)
     
  • 10-Yr Bond

    1.6400
    +0.0050 (+0.31%)
     
  • NASDAQ futures

    13,303.00
    -0.50 (-0.00%)
     
  • VOLATILITY

    19.72
    +0.91 (+4.84%)
     
  • FTSE

    7,032.85
    -10.76 (-0.15%)
     
  • NIKKEI 225

    27,824.83
    -259.67 (-0.92%)
     
  • CAD/EUR

    0.6815
    +0.0016 (+0.24%)
     

Teladoc: 3Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $35.9 million in its third quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of 43 cents. Losses, adjusted for non-recurring costs, were 13 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The telehealth services provider posted revenue of $288.8 million in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $281.5 million.

For the current quarter ending in December, Teladoc expects its results to range from a loss of 36 cents per share to a loss of 33 cents per share.

The company said it expects revenue in the range of $294 million to $304 million for the fiscal fourth quarter.

Teladoc shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $226.94, more than tripling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDOC at https://www.zacks.com/ap/TDOC