Teladoc Health Inc. (TDOC) saw its stock plummet by 5.02% in Tuesday's trading session, continuing a downward trend following the company's disappointing fourth-quarter earnings report. The telehealth provider has been grappling with ongoing challenges in its business, particularly in its mental health segment, BetterHelp.

In its recent earnings release, Teladoc reported revenues of $640.5 million, which was in line with analysts' expectations but represented a 3% year-over-year decline. More concerning for investors was the company's full-year EBITDA guidance, which fell short of analysts' projections. This softer outlook has contributed to a significant sell-off, with the stock having dropped 19.5% since the earnings announcement.

Chuck Divita, Chief Executive Officer of Teladoc Health, acknowledged the challenging operating environment, particularly for BetterHelp. He stated, "While we were pleased with the sequential improvement in key metrics in the fourth quarter, the operating environment continues to be challenging and we remain focused on actions to stabilize results consistent with our overall virtual mental health strategy." As investors digest these ongoing challenges and the company's efforts to stabilize its performance, the stock continues to face downward pressure in the market.