Teladoc Shares Drop 6% Despite Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/TDOC'>Teladoc (NYSE:TDOC)</a> shares fell more than 6% on Thursday despite the company reporting better-than-expected Q4 results. EPS came in at ($0.23), beating the Street estimate of ($0.25). Revenue was $637.7 million, compared to the Street estimate of $633.4 million.</p>
<p>One of the key takeaways from the results was the company’s pivot from an equity growth story to more of a value/margin expansion story. This represents a pretty dramatic pivot from the messaging at the company’s investor day in late 2021. </p>
<p>While the company’s 2023 targets seem achievable, it is targeting low single-digit membership growth and mid-single to low-double-digit revenue growth in the consolidated business.</p>

NYSE:TDOC