Teladoc shares tumble on weak revenue

$Teladoc Health(TDOC.US)$ shares dropped more than 20% before the bell on Wednesday, the morning after the online health-care company posted worse-than-expected revenue and guidance.
The company reported $661 million in revenue, below the $671 million forecast of analysts polled by LSEG. However, Teladoc saw a loss of 17 cents per share, smaller than the 21-cent figure anticipated by analysts surveyed.
For the current quarter, Teladoc guided revenue between $630 million to $645 million. That’s lower than the estimate of $673 million from analysts, per LSEG.
Teladoc shares have dropped almost 5% so far in 2024, underperforming the broader market.