Teladoc rises 8% on solid results, guidance

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Teladoc rises 8% on solid results, guidance
Credit: © Reuters.

Teladoc (NYSE: TDOC ) shares popped 8.5% in after-hours trading after the company raised the lower end of its full-year forecast.

The company now sees full-year revenue at $2.64 billion (the midpoint of the provided range), up from the prior forecast and guidance of $2.63B. Teladoc also sees a loss per share of $1.25-1.60, better than the prior forecast for a loss per share of $1.25-1.70.

For this quarter, the company sees a loss per share of $0.45 on revenue of $662.5 million, which compares to the consensus for a loss per share of $0.33 on revenue of $664M.

As far as the second quarter is concerned, revenue rose 10% to $652.4M, topping the consensus of $649.2M. A loss per share came in at $0.40, somewhere in line with the consensus for a loss per share of $0.41.

"This performance is a direct result of introducing and expanding new products and services, investing in a robust innovation pipeline, controlling expenses, and vertically integrating care to capitalize on customer demand for unified virtual and in-person healthcare experiences," the company said in a release.

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