Pivotal-Point Tracking Teladoc (TDOC): Double-Digit Price Gain - Telemedicine Pioneer Surpasses Profitability Expectations in Q3
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Teladoc Health is one of the world's leading providers of digital health care and online doctor consultations. On October 29, the stock responded with a price jump of nearly 27% to the new quarterly figures. In the third quarter, the company achieved revenue of $605.1 million, surpassing analyst estimates. The net loss decreased significantly from $49.5 million to $26.9 million, while adjusted EBITDA increased by 14% to $79.4 million. The management then raised the annual forecast for adjusted EBITDA. Teladoc benefits primarily from the transformation...
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