Investors Thrilled After Absence of "Write-down" During Teladoc's Q3

By Parkev Tatevosian, CFA – Oct 31, 2022 at 3:06PM

NYSE: TDOC

Teladoc Health

Market Cap

$2B

Today's Change

(-5.28%) -$0.68

Current Price

$12.20

Price as of May 8, 2024, 4:00 p.m. ET

The healthcare technology company made an ill-timed acquisition that was causing the losses.

After two straight quarters of billions of dollars of losses in writedowns, Teledoc (TDOC -5.28%) relieved investors in Q3. The absence of the aforementioned could be one reason Teledoc stock popped higher after announcing Q3 results. This video will highlight the critical details from Teledoc's third quarter.

Stock prices used were the afternoon prices of Oct. 30, 2022. The video was published on Oct. 31, 2022.

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Teladoc Health. The Motley Fool has a disclosure policy.

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