21-02-2024 02:46 via rocketnews.com

Teladoc’s stock dives after it forecasts slower growth in virtual healthcare

Shares of Teladoc Health Inc. sank after hours Tuesday after the telehealth provider, known for its BetterHelp therapy platform, offered a largely downbeat forecast for the months ahead and warned that the market for virtual-healthcare services is getting saturated.In its earnings report Tuesday, the company TDOC, -2.57%said it expects first-quarter sales of $630 million to $645 million, below FactSet analyst forecasts of $673 million. It said it projects to lose 45 cents a share to 55 cents a s
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