Here's Why Teladoc Health Shares Rose 13.1% in October
Shares of Teladoc Health (NYSE:TDOC), a leading provider of telehealth services, jumped 13.1% in October, according to data from S&P Global Market Intelligence. A third-quarter earnings beat and a guidance raise near the end of the month gave this healthcare stock most of the lift.
Teledoc Health shares added to gains made in September by outperforming Wall Street's and its own expectations on the top and bottom lines. Third-quarter revenue grew 24% year over year to an annualized $551.9 million. The company is still losing money, but $0.28 per share was less severe than investors were expecti ...