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Teladoc reports 4Q loss

PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $14.3 million in its fourth quarter.

The Purchase, New York-based company said it had a loss of 31 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The telehealth services provider posted revenue of $37.4 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $36.9 million.

For the year, the company reported that its loss widened to $74.2 million, or $1.75 per share. Revenue was reported as $123.2 million.

For the current quarter ending in April, Teladoc said it expects revenue in the range of $41.5 million to $42.5 million.

The company expects a full-year loss of 91 cents to 85 cents per share, with revenue ranging from $180 million to $185 million.

Teladoc shares have climbed 36 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.45, a climb of 63 percent 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


Keywords: Teladoc, Earnings Report