Here's the Surprise That's Driving Teladoc Health Stock Higher
Teladoc Health (NYSE: TDOC) disappointed investors with its first-quarter and second-quarter results earlier this year. But the third time's the charm.
The virtual care provider provided its third-quarter update after the market closed on Wednesday. Teladoc's shares jumped in after-hours trading. Here's the surprise that's driving Teladoc Health stock higher.
Many people use the phrase "the bottom line" to refer to the most important thing to consider. Accountants use the same expression to refer to an organization's net income or loss (which shows up on the bottom line of the income statement). To use both definitions, Teladoc's bottom line comes down to what investors wanted to see most: an improving net loss reported in its third-quarter results.
Source Fool.com
