PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — Teladoc Inc. (TDOC) on Thursday reported a loss of $81.9 million in its first quarter.
The Purchase, New York-based company said it had a loss of 49 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The telehealth services provider posted revenue of $646.1 million in the period, beating Street forecasts. Eleven analysts surveyed by Zacks expected $637 million.