Teladoc Health Inc. (TDOC) shares plummeted 11.56% in the after-hours trading session on Wednesday after the company reported disappointing fourth quarter 2024 earnings results.
The telemedicine and virtual healthcare provider missed Wall Street's earnings per share estimates for the quarter. Teladoc posted a loss of $0.28 per share, wider than the consensus estimate of a $0.23 per share loss among analysts.
While Teladoc's revenue of $640.5 million for the quarter narrowly beat expectations, the greater-than-expected loss overshadowed the positive revenue surprise. The earnings miss prompted a sharp sell-off in Teladoc's stock in extended trading following the release of the Q4 results.
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