Shares drop after disappointing sales projections
- Teladoc’s stock sinks after downbeat forecast
- First-quarter sales expected to be below forecasts
- Per-share loss expected to be worse than analyst expectations
- Full-year sales also projected to be worse than forecasts
- Shares fell 13.9% after hours
Shares of telehealth-technology provider Teladoc Health Inc. (TDOC) sank after hours on Tuesday following a largely downbeat forecast for the first quarter and full year. Teladoc expects first-quarter sales of $630 million to $645 million, below FactSet forecasts of $673 million, and a per-share loss of 45 cents to 55 cents, worse than analyst expectations for a 41-cent per-share loss. For the full year, Teladoc projects sales of $2.64 billion to $2.74 billion, worse than FactSet forecasts of $2.77 billion, with a per-share loss of 80 cents to $1.10, narrower than expectations for $1.20. As a result, shares fell 13.9% after hours.
Factuality Level: 9
Factuality Justification: The article provides factual information about Teladoc Health Inc.’s downbeat forecast for the first quarter and full year, including specific numbers and comparisons with analyst expectations. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about Teladoc Health Inc.’s downbeat forecast for the first quarter and full year, including sales expectations and per-share loss projections. It also mentions the impact on the company’s stock price. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: Teladoc Health Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Teladoc Health Inc., a telehealth-technology provider. The company’s downbeat forecast for the first quarter and full year resulted in a 13.9% drop in its share price after hours. However, there is no mention of an extreme event or its impact.
Public Companies: Teladoc Health Inc. (TDOC)
Key People:
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