U.S. Markets closed

Teladoc: 4Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $19 million in its fourth quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of 26 cents.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The telehealth services provider posted revenue of $156.5 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $153.8 million.

For the year, the company reported that its loss widened to $98.9 million, or $1.38 per share. Revenue was reported as $553.3 million.

For the current quarter ending in April, Teladoc said it expects revenue in the range of $169 million to $172 million.

The company expects a full-year loss of $1.19 to $1.06 per share, with revenue ranging from $695 million to $710 million.

Teladoc shares have risen 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $116.86, a rise of 73% 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