PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Tuesday reported a loss of $30.2 million in its first quarter.
On a per-share basis, the Purchase, New York-based company said it had a loss of 43 cents.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 44 cents per share.
The telehealth services provider posted revenue of $128.6 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $128.1 million.
For the current quarter ending in July, Teladoc said it expects revenue in the range of $128 million to $131 million.
The company expects a full-year loss of $1.66 to $1.52 per share, with revenue ranging from $535 million to $545 million.
Teladoc shares have increased 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.87, a rise of 32% in the last 12 months.
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