Teladoc (TDOC) Falls 6% on Growing Losses and Weak Guidance to Prompt a Downgrade to 'Hold' at Deutsche Bank
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Teladoc Health Reports Second-Quarter 2021 Results, Raises Full-Year Revenue Guidance
July 27, 2021 4:05 PM EDTSecond quarter revenue grows 109% year-over-year to $503 million, driving 2021 revenue outlook increase to $2,000 million to $2,025 million. Total second quarter visits top 3.5 million 28% higher than Q2 2020, in the first wave of the pandemic.Significant new agreement with HCSC to provide Teladoc Healths suite of whole-person chronic care solutions.Launched myStrength Complete, an integrated mental health service that combines app-based tools and coaching expertise with Teladocs therapists and psychiatrists to enable consumers to receive the level of mental health support and care they need, when they need it.
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