Teladoc Stock Sinks on Wider Loss and Weak Guidance

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Updated July 28, 2022 6:23 am ET / Original July 28, 2022 5:00 am ET

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Teladoc Health was falling nearly 25% in premarket trading Thursday after the remote healthcare provider posted a wider-than-expected quarterly loss after recording a $3 billion impairment charge.

Teladoc (ticker: TDOC) reported a second-quarter loss of $3.1 billion, or $19.22 a share, which included the charge that came to $18.78 on a per-share basis. A year earlier, Teladoc reported a loss of 86 cents a share.

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