Teladoc Health sinks after Q2 revenue miss
TDOC•Shares fall after revenue miss and weaker BetterHelp outlook
- Shares of telehealth firm Teladoc Health TDOC.N fall over 19% to $7.36 in premarket trading
- Co posts Q2 revenue of $606.93 mln, missing Wall Street estimates of $615.39 mln
- TDOC now expects revenue of its BetterHelp mental health segment to decline 13% to 19% in 2026
- Co anticipates 3Q revenue between $569 mln and $609 mln
- TDOC says accelerated decline in BetterHelp cash pay revenue weighed on overall results
- Six of 25 brokerages rate the stock "buy" or higher, 19 "hold"; their median PT is $8
- Up to last close, stock was up 31.1% YTD
