Teladoc Health Shares Plunge 18.5% After $606.9 Million Q2 Revenue Miss
Updated
Updated · CNBC · Jul 30
Teladoc Health Shares Plunge 18.5% After $606.9 Million Q2 Revenue Miss
3 articles · Updated · CNBC · Jul 30
Summary
Teladoc Health sank 18.5% in premarket trading after reporting second-quarter revenue of $606.9 million, below the $615.4 million analysts expected.
The virtual-care company also cut its full-year revenue guidance, deepening investor concern that the quarterly shortfall was not a one-off miss.
The drop made Teladoc one of the sharpest premarket decliners in a session driven by earnings reactions, with several companies swinging sharply on guidance changes as much as headline results.