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Benzinga
Benzinga
Business
Adam Eckert

Why Teladoc Stock Is Diving Today

Teladoc NYSE Teladoc Health Inc

Teladoc Health Inc (NYSE:TDOC) shares are trading significantly lower Thursday after the company reported weak financial results.

Teladoc said first-quarter revenue increased 25% year-over-year to $565.4 million, which came in below the $568.8 million estimate. The company reported an earnings loss of $41.58 per share, which Teladoc said was primarily driven by a non-cash goodwill impairment charge of $6.6 billion ($41.11 per share).

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