Teladoc stock rallies after narrower quarterly loss, sales beat
Shares of Teladoc Health Inc. rallied more than 11% in the extended session Wednesday after the telemedicine and virtual health care company reported a narrower-than-expected quarterly loss and sales came above expectations. Teladoc said it lost $19 million, or 26 cents a share, in the quarter, compared with a loss of $24.9 million, or 35 cents a share, in the fourth quarter of 2018. Revenue rose 27% to $156.5 million, the company said. Analysts polled by FactSet had expected a GAAP loss of 33 cents a share on sales of $153.3 million. Shares of Teladoc had ended the regular trading day down 1.4%.
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