Reflecting strong demand for telehealth services due to COVID-19 quarantines, Teladoc (NYSE:TDOC) expects Q1 revenue of $180M – 181M, up 40% (midpoint) from a year ago and 4% above consensus of $173.5M.
Non-GAAP EBITDA should be $10M – 11M (+775%).
Total visit volume should be greater than 1.8M (+70%). Daily visits in the U.S. now exceed 20K.
Final results will be released on April 29.
Management will host a conference call today at 5:00 pm ET to discuss preliminary results.
Shares up 4% after hours.
https://seekingalpha.com/news/3560673-teladoc-services-surged-in-q1-due-to-covidminus-19
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