Teladoc Health Delivers a Mixed Q2 Report
Fueled by the sudden and acute increase in the need for its services during the coronavirus pandemic, Teladoc Health (NYSE: TDOC) has experienced a surge in revenue over the past several months. This was one major takeaway from the company's second-quarter 2020 results, which were published on Wednesday.
The remote healthcare services provider boosted its revenue by 85% on a year-over-year basis to $241.0 million. This was on the back of total patient visits that rocketed 203% higher to 2.8 million. That business growth didn't filter down to the bottom line in the form of a net profit, though; the company lost $25.7 million ($0.34 per share). That was, however, a narrowing from Q2 2019, when it lost $29.3 million.
Image source: Teladoc Health.
Source Fool.com
