Teladoc Health (TDOC) shares drop after missing fourth-quarter revenue estimates.
Caesars Entertainment (CZR) posts a same-store EBITDA miss in its lackluster earnings results.
Lastly, homebuilder Toll Brothers (TOL) topped fiscal first-quarter earnings estimates.
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Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
[AUDIO LOGO]
JULIE HYMAN: Let's take a look at what's trending after hours now. Shares of Teladoc Health are sinking after the company's revenue forecast for the upcoming quarter and full year missed estimates. The telehealth company known for the therapy app BetterHelp also missed fourth quarter revenue expectations by more than $10 million. Shares down 15%. And the company CEO in the earnings release acknowledged last year's challenging macroeconomic environment. The shares are down more than 30% over the past year.
Caesars Entertainment shares under pressure after adjusted EBITDA for the quarter also missed the Street's estimates. Same-store net revenue also missed expectations as the company announced an agreement also to acquire the operations of WynnBET's Michigan iGaming business. Those shares down about 1.5%.
And turning to Toll Brothers, here's some green, the company topping earnings estimates total home sales, also surpassed Wall Street's expectations. Looking ahead to deliveries for the full fiscal year 2024, Toll posting a better-than-expected outlook. It expects to deliver 10,000 to 10,500 units. The shares up by 3%
