Published on 8 Nov 2022 on Zacks via Yahoo Finance
Teladoc (TDOC) Up 1.6% Since Q3 Earnings Beat on Higher Visits
Teladoc Health, Inc.'s TDOC shares rose 1.6% since it reported earnings on Oct 26, 2022. It reported strong third-quarter results, supported by increased visits and memberships, as well as higher utilization. Solid contributions from access and visit fees benefited the results. The positives were partially offset by a rise in expenses.
TDOC reported third-quarter 2022 adjusted loss of 45 cents per share, narrower than the Zacks Consensus Estimate of a loss of 59 cents. TDOC delivered an adjusted loss per share of 53 cents a year ago.
TDOC’s operating revenues of $611.4 million (within the management’s expected range of $600-$620 million) beat the Zacks Consensus Estimate of $609 million. The top line improved from $521.7 million in the year-ago quarter.