Teladoc Health: Q2 Earnings Insights

Shares of Teladoc Health TDOC rose 2.81% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 17.07% year over year to ($0.34), which missed the estimate of ($0.23).

Revenue of $241,030,000 rose by 85.01% year over year, which beat the estimate of $220,530,000.

Guidance

Teladoc Health hasn't issued any earnings guidance for the time being.

Teladoc Health hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 29, 2020

Time: 04:30 PM

ET Webcast URL: https://event.on24.com/wcc/r/2402388/035C2310BEA724B7900619FB93222D7F

Technicals

Company's 52-week high was at $237.76

Company's 52-week low was at $54.58

Price action over last quarter: Up 33.37%

Company Description

Teladoc Health Inc is virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company's revenues are generated on a subscription basis (per-member-per-month) and the balance comes from visit fees. Since inception, Teledoc has primarily partnered with employers, health plans, and health systems to offer network access to their members, however, most recently, the company has also started to market directly to consumers while expanding its service portfolio. The cornerstone of Teladoc's business is to provide healthcare access to members in real time to avoid excessive health plan costs.