Teladoc: Q4 Earnings Snapshot

Associated Press Finance
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PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — Teladoc Inc. (TDOC) on Tuesday reported a loss of $28.9 million in its fourth quarter.

The Purchase, New York-based company said it had a loss of 17 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The telehealth services provider posted revenue of $660.5 million in the period, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $670.8 million.

For the year, the company reported a loss of $220.4 million, or $1.34 per share. Revenue was reported as $2.6 billion.

For the current quarter ending in March, Teladoc said it expects revenue in the range of $630 million to $645 million.

The company expects a full-year loss of $1.10 to 80 cents per share, with revenue ranging from $2.64 billion to $2.74 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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