Teladoc Health (TDOC) Q1 Loss Widens on Decline in Visits

Teladoc Health, Inc. (TDOC) incurred a first-quarter 2024 adjusted loss of 49 cents per share, wider than the Zacks Consensus Estimate of a loss of 47 cents and the year-ago quarter’s loss of 42 cents. The figure was also within management’s expectation of a loss of 55-45 cents.Operating revenues amounted to $646.1 million, which grew 3% year over year and exceeded management’s expectation of $630-$645 million. The top line beat the consensus mark by 1.4%.The quarterly results were hurt by lower visits, sof ...