PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — Teladoc Inc. (TDOC) on Wednesday reported a loss of $48.4 million in its fourth quarter.
The Purchase, New York-based company said it had a loss of 28 cents per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The telehealth services provider posted revenue of $640.5 million in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $639.5 million.
For the current quarter ending in March, Teladoc said it expects revenue in the range of $608 million to $629 million.
The company expects a full-year loss of $1.10 to 50 cents per share, with revenue ranging from $2.47 billion to $2.58 billion.
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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
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