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Teladoc Health Shares Plunged 38% in Premarket Trading
Shares of Teladoc Health Inc. plunged 38% in premarket trading Thursday, after the telemedicine comp
Teladoc Health Shares Plunged 38% in Premarket Trading
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href=\"https://ttm.financial/S/GOLD\">$Barrick Gold Corp(GOLD)$ </a>👍","listText":"<a href=\"https://ttm.financial/S/GOLD\">$Barrick Gold Corp(GOLD)$ </a>👍","text":"$Barrick Gold Corp(GOLD)$ 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651133242,"share":"https://ttm.financial/m/news/1194207651?lang=en_US&edition=fundamental","pubTime":"2022-04-28 16:07","market":"us","language":"en","title":"Teladoc Health Shares Plunged 38% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1194207651","media":"Tiger Newspress","summary":"Shares of Teladoc Health Inc. plunged 38% in premarket trading Thursday, after the telemedicine comp","content":"<html><head></head><body><p>Shares of Teladoc Health Inc. plunged 38% in premarket trading Thursday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook.</p><p><img src=\"https://static.tigerbbs.com/a04a0638436f9703c5e47b608fb1dcea\" tg-width=\"839\" tg-height=\"619\" width=\"100%\" height=\"auto\"/></p><p>Teladoc executives now expect $2.4 billion to $2.5 billion in revenue for the full year, along with $240 million to $265 million in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda). Their prior forecast called for $2.55 billion to $2.65 billion in revenue and $330 million to $355 million in adjusted Ebitda.</p><p>Teladoc’s new forecast reflects trends that executives are seeing in the market for direct-to-consumer mental-health and chronic-condition services, such as higher advertising costs in the mental-health market that are causing lower-than-anticipated yields on its marketing spending. It also cited an “elongated sales cycle as employers and health plans evaluate their long-term strategies” in the chronic-condition market.</p><p>“Despite the revision to our 2022 outlook, we are confident in our strategy, along with our breadth and depth of capabilities,” Chief Executive Jason Gorevic said in a release.</p><p>Gorevic shared on Teladoc’s earnings call that about three-quarters of the cut to the revenue outlook was related to the company’s BetterHelp online-counseling product, while the rest reflected new top-line expectations for the chronic-care business.</p><p>For the first quarter, Teladoc generated a net loss of $6.67 billion, or $41.58 a share, whereas it recorded a loss of $200 million, or $1.31 a share, in the year-prior period. Teladoc’s loss in the most recent quarter largely reflected a $6.6 billion impairment charge related to goodwill.</p><p>Teladoc executives did not disclose much about the goodwill impairment charge in Wednesday’s news release, but roughly $12.8 billion of the $14.5 billion in goodwill on Teladoc’s books stemmed from the $18.5 billion acquisition of Livongo in 2020, according to the company’s filings with the Securities and Exchange Commission.</p><p>“The goodwill impairment was triggered by the sustained decline in Teladoc Health share price with a valuation and size of the impairment charge driven by a combination of recent market-based factors such as an increased discount rate and the decreased market multiples for a relevant peer group of high-growth digital health-care companies, as well as updates to our forecasted cash flows consistent with the revised guidance disclosed today,” Chief Financial Officer Mala Murthy said in the most substantive statement executives gave about the $6.6 billion charge during a conference call Wednesday afternoon.</p><p>The company’s revenue rose to $565.4 million from $453.7 million, while analysts tracked by FactSet had been anticipating $569 million.</p><p>For the second quarter, Teladoc projects adjusted Ebitda of $39 million to $49 million on revenue of $580 million to $600 million, while the FactSet consensus is for $71 million in adjusted Ebitda and $615 million in revenue.</p><p>Teladoc shares had already declined 39% so far this year and more than 70% in the past 12 months, as the S&P 500 index declined 12.4% and 0.3% respectively.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Teladoc Health Shares Plunged 38% in Premarket Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTeladoc Health Shares Plunged 38% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-28 16:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Teladoc Health Inc. plunged 38% in premarket trading Thursday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook.</p><p><img src=\"https://static.tigerbbs.com/a04a0638436f9703c5e47b608fb1dcea\" tg-width=\"839\" tg-height=\"619\" width=\"100%\" height=\"auto\"/></p><p>Teladoc executives now expect $2.4 billion to $2.5 billion in revenue for the full year, along with $240 million to $265 million in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda). Their prior forecast called for $2.55 billion to $2.65 billion in revenue and $330 million to $355 million in adjusted Ebitda.</p><p>Teladoc’s new forecast reflects trends that executives are seeing in the market for direct-to-consumer mental-health and chronic-condition services, such as higher advertising costs in the mental-health market that are causing lower-than-anticipated yields on its marketing spending. It also cited an “elongated sales cycle as employers and health plans evaluate their long-term strategies” in the chronic-condition market.</p><p>“Despite the revision to our 2022 outlook, we are confident in our strategy, along with our breadth and depth of capabilities,” Chief Executive Jason Gorevic said in a release.</p><p>Gorevic shared on Teladoc’s earnings call that about three-quarters of the cut to the revenue outlook was related to the company’s BetterHelp online-counseling product, while the rest reflected new top-line expectations for the chronic-care business.</p><p>For the first quarter, Teladoc generated a net loss of $6.67 billion, or $41.58 a share, whereas it recorded a loss of $200 million, or $1.31 a share, in the year-prior period. Teladoc’s loss in the most recent quarter largely reflected a $6.6 billion impairment charge related to goodwill.</p><p>Teladoc executives did not disclose much about the goodwill impairment charge in Wednesday’s news release, but roughly $12.8 billion of the $14.5 billion in goodwill on Teladoc’s books stemmed from the $18.5 billion acquisition of Livongo in 2020, according to the company’s filings with the Securities and Exchange Commission.</p><p>“The goodwill impairment was triggered by the sustained decline in Teladoc Health share price with a valuation and size of the impairment charge driven by a combination of recent market-based factors such as an increased discount rate and the decreased market multiples for a relevant peer group of high-growth digital health-care companies, as well as updates to our forecasted cash flows consistent with the revised guidance disclosed today,” Chief Financial Officer Mala Murthy said in the most substantive statement executives gave about the $6.6 billion charge during a conference call Wednesday afternoon.</p><p>The company’s revenue rose to $565.4 million from $453.7 million, while analysts tracked by FactSet had been anticipating $569 million.</p><p>For the second quarter, Teladoc projects adjusted Ebitda of $39 million to $49 million on revenue of $580 million to $600 million, while the FactSet consensus is for $71 million in adjusted Ebitda and $615 million in revenue.</p><p>Teladoc shares had already declined 39% so far this year and more than 70% in the past 12 months, as the S&P 500 index declined 12.4% and 0.3% respectively.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TDOC":"Teladoc Health Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194207651","content_text":"Shares of Teladoc Health Inc. plunged 38% in premarket trading Thursday, after the telemedicine company took an impairment charge of more than $6.5 billion and slashed its full-year outlook.Teladoc executives now expect $2.4 billion to $2.5 billion in revenue for the full year, along with $240 million to $265 million in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda). Their prior forecast called for $2.55 billion to $2.65 billion in revenue and $330 million to $355 million in adjusted Ebitda.Teladoc’s new forecast reflects trends that executives are seeing in the market for direct-to-consumer mental-health and chronic-condition services, such as higher advertising costs in the mental-health market that are causing lower-than-anticipated yields on its marketing spending. It also cited an “elongated sales cycle as employers and health plans evaluate their long-term strategies” in the chronic-condition market.“Despite the revision to our 2022 outlook, we are confident in our strategy, along with our breadth and depth of capabilities,” Chief Executive Jason Gorevic said in a release.Gorevic shared on Teladoc’s earnings call that about three-quarters of the cut to the revenue outlook was related to the company’s BetterHelp online-counseling product, while the rest reflected new top-line expectations for the chronic-care business.For the first quarter, Teladoc generated a net loss of $6.67 billion, or $41.58 a share, whereas it recorded a loss of $200 million, or $1.31 a share, in the year-prior period. Teladoc’s loss in the most recent quarter largely reflected a $6.6 billion impairment charge related to goodwill.Teladoc executives did not disclose much about the goodwill impairment charge in Wednesday’s news release, but roughly $12.8 billion of the $14.5 billion in goodwill on Teladoc’s books stemmed from the $18.5 billion acquisition of Livongo in 2020, according to the company’s filings with the Securities and Exchange Commission.“The goodwill impairment was triggered by the sustained decline in Teladoc Health share price with a valuation and size of the impairment charge driven by a combination of recent market-based factors such as an increased discount rate and the decreased market multiples for a relevant peer group of high-growth digital health-care companies, as well as updates to our forecasted cash flows consistent with the revised guidance disclosed today,” Chief Financial Officer Mala Murthy said in the most substantive statement executives gave about the $6.6 billion charge during a conference call Wednesday afternoon.The company’s revenue rose to $565.4 million from $453.7 million, while analysts tracked by FactSet had been anticipating $569 million.For the second quarter, Teladoc projects adjusted Ebitda of $39 million to $49 million on revenue of $580 million to $600 million, while the FactSet consensus is for $71 million in adjusted Ebitda and $615 million in revenue.Teladoc shares had already declined 39% so far this year and more than 70% in the past 12 months, as the S&P 500 index declined 12.4% and 0.3% 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